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How is it possible the author doesn't know that? Because you are (your words) using 'intentionally over-simplified terms.' A free market is not simply one with
by matthewmacleod 13y ago
How is it possible the author doesn't know that?
Because you are (your words) using 'intentionally over-simplified terms.' A free market is not simply one without government controls, it's one without government controls or other de facto authority, such as price-setting monopolies.
Excessive government regulation means a less free market. Similarly, excessive monopoly control or cartel-like behaviour means a less free market. These are similar forces; the market loses freedom because one group has excessive control of it.
So, paradoxically, government regulation can result in a freer market - it's more complex than you are claiming.
- adventured 13y agoI disagree. Monopolies can only exist in free markets when force is applied, eg by a corporation hiring thugs or militia to restrain the free market, and the government fails to stop that use of force. The only way a corporation can acquire de facto authority in a free market is with violence (in which case they become a competitor with the government as it regards rule of law). There is no other way they can literally hold back competitors.