6 ms·
I'm not really disagreeing with you as it's not like there is a 100% true definition of a free market, different people can have different conceptions, but the
by maximus_01 11mo ago
I'm not really disagreeing with you as it's not like there is a 100% true definition of a free market, different people can have different conceptions, but the original Adam Smith / classical view is that a free market should essentially be 100% driven by the private market on supply and demand - with as little government intervention as possible on either side of the ledger (subsidy or blocking)
- throttlebody 11mo agoMonopoly is a free market game and thete is only one winner. Free markets as such is an utopia dream.
- maximus_01 11mo agoExcept it isn't at all. The properties to buy all have a fixed price, costs of houses/hotels are fixed, rents are fixed and can't be adjusted, and most importantly, a) you can only buy a property if you randomly happen to land on it and b) people have no choice of what property to stay at (again, chosen by random dice)
- flybarrel 11mo agommm by that definition, which market is truly free market again? I'm not sure you can find one tbh
- hvb2 11mo agoCommodities, large number of buyers and a large number of sellers all buying/selling an equivalent product. No buyer has power to set prices and no seller does either.