My position is this: A truly "free market" will never remain "free" for very long; it will quickly turn into monopolies and oligopolies who make sure the market is never "free" again.
What is yours?
This is a political world we live in after all.
We've never had a truly free market but oligopolies abound. Or should that be "and oligopolies abound?".
There is no question this is a tough question of those who believe in Classical Liberalism (think laissez-faire) and its associated economic system of what is generally called Classical economics, a subset of which, the Austrian School, has recently been made famous again.
I share your opinion. The "haves" will always monopolize over the "have nots" and greed will triumph. I'm old enough to remember the argument in favor of deregulation: "Enterprises will regulate themselves," "Self-regulation is the key to success," "our telephone rates would go down if the government would get its nose out of Ma Bell's business."
We know what happened there, don't we? Umpteen phone companies, almost all incompetent, and all competing to see who could raise their rates the highest. Now they are all collecting again under one or two roofs.
We deregulated our banks, the housing market ran rampant, and the banks fell.
Those of us who formerly worked in broadcasting know what happened there.
I could go on and on, but I think that's enough said.
Author & professor, Charles Eisenstein, has a great take on this topic in his book, 'Scared Economics'. He believes quite the same as you, there really isn't a way to have a "free market" because it cost something even in a bartering type market.
I agree as well.
by Ralph Deeds 5 years ago
Economists Agree: Solutions Are ElusiveBy EDUARDO PORTERPublished: April 23, 2013 "Last week the International Monetary Fund hosted a conference of some of the world’s top macroeconomists to assess how the most intense crisis to have shaken the industrialized economies since the...
by Don W 8 years ago
Would a free market have prevented this from happening?I'm guessing the libertarian argument would be that the failings of state regulation was a contributing factor. Those failings stemming from the fact that the regulators were in bed (figuratively and literally) with those regulated. Whereas...
by ahorseback 2 weeks ago
*Laying off or firing thousands of US workers , ATT cuts 16,000 jobs , IBM 30,000 + to give jobs more than likely to foreign nationals who work cheaper . Where is the liberal outrage ?Or are these liber companies ?*Breitbart
by John Holden 4 years ago
Is it not hypocritical and contradictory to demand free markets when firstly the UK and then the US rose to world dominance in manufacturing with extremely protected markets?Even now those who shout loudest in favour of free markets don't really want them - they still really want protectionism.
by Gary Anderson 6 years ago
Hey Even, Mises said big business was not evil. To be fair, he did not live to see the TBTF banks, but I am waiting for his libertarian followers duped by this stuff to say the TBTF banks ARE evil. Say it Evan!Here is my post to your off the wall review of my ebook on Amazon. It will show that your...
by Kathryn L Hill 5 weeks ago
Some say that capitalism pretty much causes *hell on earth*. How could we bring about *heaven on earth*, instead?
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