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by Toine 2543 days ago
Exactly, free markets do not exist in a vacuum.

To simply exist, free markets require a ton of government-backed regulations, the most obvious one being the right to private property.

There's this dichotomy between the Good free markets and the Bad big government. They're actually two sides of the same coin : they need each other to exist.

Radical advocates of free markets (and anarchists) always seem to forget the violent nature of humans.

3 comments

> To simply exist, free markets require a ton of government-backed regulations, the most obvious one being the right to private property.

Actually, that's pretty much the only one.

Realistically, if you stop there you're gonna have information asymmetry problems so damaging that if you don't fix them the torches and pitchforks will come out.
> Radical advocates of free markets (and anarchists) always seem to forget the violent nature of humans.

Radical advocates of free markets are often libertarian, and they rarely forget the violent nature of humans, which is why libertarians explicitly call for the existence of a government, limited in scope to defending a few enumerated rights, such as private property.

> free markets require a ton of government-backed regulations

What’s this “ton of government-backed regulations” you’re referring to?

> Radical advocates of free markets... always seem to forget the violent nature of humans.

What kind of “radical” are you talking about here? Anarchists?