• zephyreks@lemmy.mlM
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    1 year ago

    A free market is a distinct concept from a perfect market. You’re describing a perfect market operating under ideal conditions.

    A free market with laissez-faire policies lends itself directly to cartels and monopolies because a perfect market cannot exist without government intervention. Maybe you should’ve paid attention in ECON 101.

    • jsdz@lemmy.ml
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      1 year ago

      I dunno, maybe they changed the terminology since I took it. Seems to me “free market” was not previously imbued with all that meaning you guys are reading into it. I’m not convinced it isn’t just an Americanism. To me a “free market” is simply one that’s substantially free of distortion, resembling to a notable extent a perfect market. But I’ll certainly avoid the phrase in future.