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Completely free market?
We often hear the virtues of the free market, but markets in the U.S. and the rest of the developed world are not completely free. What would it mean for a market to be completely free? How un-free should these be?
2 Answers
- Anonymous1 decade agoFavorite Answer
completely free markets mean zero laws and gov't regulation or interference. It leads to monopolies, worker exploitation, and corporate rule to the detriment of society. Govt just need to make sure their trade policies favor their own nation and its workers (unlike NAFTA), prevent monopolies, and make sure that companies aren't knowingly creating products that mislead and harm the public without the public's knowledge.
- jjttkbfordLv 41 decade ago
completely free markets allow for all kinds of problems which we regulate
monopolies (high prices, no competition)
poor quality / health risks (ie bad food products) ie - they need regulation
that's a few reasons we don't have a completely free trade system