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by munk-a 2546 days ago
That is just one definition though, the "free market" that America has right now reads as "Yes, No, Yes, Yes" in particular though I'd disagree with the last point - a fair free market would incorporate things that tend to be cost externalities into the true costs of goods - leveling a mountain to mine coal or fishing a bank to extinction are costs that society cares about and are things that should be incorporated into the cost.

To reinforce the point a bit - if, for instance, over fishing is unpunished, regulated or otherwise incorporated into costs then failing to over fish will result in a competitive disadvantage that the market will punish. In this case acting in a way that ensures a long term benefit to society is being actively punished by society's rules - and the system is illogical.