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In fact a free market implies all kinds of social mechanisms to set and enforce ground rules. All the examples upthread had very strong state control.
by idlewords 12y ago
In fact a free market implies all kinds of social mechanisms to set and enforce ground rules. All the examples upthread had very strong state control.
- MCRed 12y agoYes there are social mechanisms in the honest use of the word- that is, when someone proves to be a scammer they lose business in a free market. But otherwise a free market is an unregulated market. "very strong state control" is the opposite of a free market. That's central planning, and despite the name "Socialism" there's not much social about it because it does not benefit society, but it benefits the people who dictate prices (namely government bureaucrats.)