Re:The Sonnenschein-Mantel-Debreu Results After Thirty Years
by vtashkov on Wednesday January 22, 2025 @11:30AM
(#42794539)
If you believe that free market means no laws you have not enough knowledge to participate in this conversation. Somalia is not a free market, it is a lack of state where you are not free at all, but the opposite. It is not that different though than what happens in socialist countries. Venezuela used to be very rich and advanced and now it has more or less the same situation as in Somalia.
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Re:The Sonnenschein-Mantel-Debreu Results After Thirty Years
by lern_too_spel on Friday January 24, 2025 @02:47PM
(#42816344)
Somalia has a free market in security, water infrastructure, transportation infrastructure, communication infrastructure, power infrastructure, schooling, healthcare, etc. instead of allowing a state to interfere in all of these things. That is the definition of a free market. There is also no border security for free movement of goods and people. You are free to move there and enjoy all of its advantages.