Linked by Thom Holwerda on Mon 5th Sep 2011 22:26 UTC
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Member since:
2005-10-19
Thom: point me to a truly free market which works.
Sorry, missed that. Your question is probably: point me to a free market that delivers me what I want.
But that's not what markets are. Markets are purely the free and non-coercive exchange of private citizens. They might not produce you an outcome you'd like (mobile phone calls for 1 cent per hour for example).
I would offer food markets as a market that is pretty unregulated. The outcome might be that we got too many obese poeple, but probably better than people starving.
If you had lived only 400 years ago, you would have been a peasant bound to the land. Market economies have improved lived drastically.