(1) Capitalism is NOT "free-markets"
(2) Concepts like "free-markets" are a misnomer - free markets don't exists - never have.
(3) Study the history of human economics - markets are usually created by the state and regulated so as to promote "freeness"
(4) Without market regulation, monopolies and those with power wield their own whims/fancies/rules on markets and thus making them UNFREE.
So an economy cannot exist without a state, Karl?
is the american free market of the late 18th century an example of an economy without a state?
There wasn't enough government to infringe on the free market in late 18th century America.
how come government grew?
Because it was well-nourished by unnecessary spending.
probably somebody got something out of it?
Who's talking about economies? My points address "markets" and specifically the "concept" of "free-markets".
Study the history of economic systems. Markets have ALWAYS existed (even before Capitalism). Study the history of markets.
(1) Capitalism is NOT "free-markets"
(2) Concepts like "free-markets" are a misnomer - free markets don't exists - never have.
(3) Study the history of human economics - markets are usually created by the state and regulated so as to promote "freeness"
(4) Without market regulation, monopolies and those with power wield their own whims/fancies/rules on markets and thus making them UNFREE.
So an economy cannot exist without a state, Karl?
is the american free market of the late 18th century an example of an economy without a state?
There wasn't enough government to infringe on the free market in late 18th century America.
how come government grew?
Because it was well-nourished by unnecessary spending.
probably somebody got something out of it?
Who's talking about economies? My points address "markets" and specifically the "concept" of "free-markets".
Study the history of economic systems. Markets have ALWAYS existed (even before Capitalism). Study the history of markets.