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by crdoconnor
4313 days ago
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>I'm so tired of people who don't know what "free market" means making up their own definition and then saying it's a bad thing. "Free market" has multiple, ill defined and often conflicting meanings, which is partly what makes it so useful for propaganda purposes. Yours is just one of those meanings, and a particularly pernicious one at that, because a marketplace free from anti-competitive forces has NEVER existed and never will exist. The neoclassical school economics actually uses the term 'perfect competition' to describe your particular meaning, and while it's a very common assumption, it's one that always breaks their models (making them a poor fit to reality). |
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