05-28-2022, 04:19 PM
(05-28-2022, 01:35 PM)SammyOES Wrote:(05-28-2022, 10:05 AM)ac3r Wrote: I'm no capitalist but if the free market is free, then anyone should be allowed to operate a business and the best ones will prevail over the others.
Unfettered capitalism, especially in high start-up cost industries, is terrible for consumers. The idea that a completely free market is automatically good for consumers is nonsense propaganda that many people try to push. And, for the record, I would call myself a capitalist!
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Lots of excellent points.
I like to say “fair markets, not free markets”. Note however that fair markets are still markets; and they’re also still free, just not emphasizing the “no rules” aspect of freedom.
The nature of the rules which keep a market fair will differ considerably from one market to another.