gaffa2002 wrote on Today, 00:56:
Is that so? Depending on where you live, companies resort to literal slavery and child labor to make their products.
Plus why would they need goons if they can control you in far more efficient ways anyway (change laws, control the police, supplies, technology)?
Thats a complex discussion… in pure economics the definition of “free” is just that nobody points a gun to your head or creates a law that forces you to buy something, but real life is far more complicated than that… is it really a free choice if you need a product to survive and there is only one person offering it? What choice do I truly have?
Yeah and that's not a free market then.
"Free market" is mostly a theoretical idea that rarely exists in practice. It has existed in a few times and places in recent history.
It's also not the be all end all. There should be moral restrictions placed on companies. Most people simply disagree about which moral code should be followed there.
I'm just saying in order to actually be considered a "free market", there has to be total absence of coercion for all parties.
Also you mentioned companies having control over laws, the police, etc. - that's why rule of law is so important to a functioning society. You have to have a way to enforce things such as "companies cannot force you to buy a product", and that way is the courts. Etc.
Of course every system is prone to corruption, because mankind is corrupt. All you can do is try to build in as many safeguards against it as you can. Checks and balances. Another way to fight corruption is to ensure that your nation produces and rewards high quality, moral people who are then funneled up to positions of power. That's very difficult to achieve though.
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