[JumpCrisscross]

> most forms of free market systems work best once we have commoditization

It’s almost the opposite. Free markets didn’t work in the pre-industrial era because everything was commoditised. That made returns on capital paltry, which in turn made it more “profitable” to conquer capital than build it.

After industrialisation, we repeatedly saw innovation—though not necessarily creativity—in market economies outperform that in centralised ones.