Re:Chrome, 10 Years Later
by kaba0 on Friday December 09, 2022 @08:50AM
(#33921180)
> A free market is merely one that is not regulated by the state
No, a free market explicitly applies only to well-regulated markets, as per the very creator of the word. It doesn’t matter what regulates the market, but for all practical purposes it will be the government(s). And this is the reason why European markets are often “more free” per several metrics.
A good analogy to this topic would be sport competitions. A free market is a fair, say running, race. But an anticompetitive/too large company exerting its power in different segments would be akin to someone tying the other racer’s shoes together (but I wouldn’t put past the analogy even shooting the others)
No, a free market explicitly applies only to well-regulated markets, as per the very creator of the word. It doesn’t matter what regulates the market, but for all practical purposes it will be the government(s). And this is the reason why European markets are often “more free” per several metrics.
A good analogy to this topic would be sport competitions. A free market is a fair, say running, race. But an anticompetitive/too large company exerting its power in different segments would be akin to someone tying the other racer’s shoes together (but I wouldn’t put past the analogy even shooting the others)