[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

So why don't US citizens get this?



On Jul 27, 2008, at 5:37 AM, Joe Greco wrote:

> Yes, I do.  The free market is a system where corporations like to  
> take
> the easiest road to do the least work to maximize profits, while  
> everyone
> else is doing the same thing.

Recognizing your biases here, I think an economist might define it a  
little differently. For example, see http://www.investorwords.com/2086/free_market.html 
.

The key thing in that definition is the lack of government  
intervention in its various forms. That's D'Arcy's point. Where there  
is government subsidy, regulation, or other intervention, it cannot be  
described as a free market.