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stackghost an hour ago

A truly free market is also free of regulation and embraces predatory actions by monopolists. Think being paid in company scrip instead of dollars. Think a single food supply monopoly with patented seeds you can be prosecuted for propagating, and harmful additives in food because it's cheaper. Think better education inaccessible for those nincompoops who weren't born into wealth. Serves them right for choosing to be born poor, amirite?

Some amount of regulation is required if you want a just, healthy, society, with economic mobility.

People say they want 100% free markets but they don't really comprehend what that looks like.

WalterBright an hour ago | parent | next [-]

> company scrip

Did you know that paychecks are private money? They aren't legal tender. RSU's are company scrip, too. Besides, nobody can make you take a job you don't want.

> patented seeds

Patents are a government invention, and I'm on record opposing them.

> harmful additives

Harming and/or defrauding customers is against the law and is actionable.

> better education inaccessible

Government run schools are pretty much bottom of the barrel.

slopinthebag 38 minutes ago | parent | prev [-]

> A truly free market is also free of regulation and embraces predatory actions by monopolists.

This is a non sequitur and also makes no sense. A free market doesn’t “embrace” anything, it’s the sum of the decisions individuals make absent external coercion. That you might be unhappy with the decisions others make doesn’t necessarily make it a problem.

But every single economy is heavily controlled, regulated, and interfered with, and the so-called “free market” examples people use like healthcare in the States are examples of the most tightly controlled and regulated markets (if you can even call them that) on the planet. So when people complain about “free markets” they’re complaining about heavily controlled markets without even knowing it.