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78
Formerlurker92 78 points ago +78 / -0

I believe in free market capitalism as the most powerful force for good on earth. I also believe we don't have free market capitalism

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BadManOrange 51 points ago +51 / -0

We have an illusion of a free market, but are very far from it.

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HKFan 50 points ago +50 / -0

just like the illusion of free and fair elections

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Hanging_Chad 23 points ago +23 / -0

Riggers everywhere

10
randomusers239874 10 points ago +14 / -4

Free markets mean collusion and price fixing; I'd rather have a competitive market than a free one. Regulation is needed in any system; free markets aren't always competitive, and competitive markets aren't always free. I think the bigger issue is that every system requires regular maintenance, and we've dropped the ball on that for a long time; it's not as simple as saying "we need a freer market" because we wouldn't maintain it anyways. I think universal suffrage is the real problem, because those that don't contribute still get a say in how things run.

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GeneralSterlingPrice -1 points ago +1 / -2

That kind of thinking is how it got like this in the first place.

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randomusers239874 1 point ago +1 / -0

No, for most of the beginning of this country (until the 50s-60s) the economic regulations we had we reactions to bad actors in the market (e.g. anticompetitive actors, market manipulation, etc). After that, yes, the government saw it as a tool to create policy, but that doesn't change the fact that free markets encourage fraud and unfair tactics, especially if what is being done isn't technically illegal.