Not exactly. According to Milton Friedman, a free market is one in which the government fulfills 3 things: defending the country with an army, ensuring that natural rights are respected by all, and ensuring that the market remains competitive through monetarism-based policies.
In a pure free market, there is no government kid.https://twitter.com/Stache2020/status/1109683526771851264 …
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That’s a form of minarchy.
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You are correct, hence why most Chicago School Economists are monarchists and contractionists, with a small minority of anarcho-capitalists (who I find to be a bit extreme in my personal opinion)
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The government has a great responsibility in raising and forming the citizens of the future. Look at the governments of China + Russia, their citizens are overall homogeneous, nationalized, and institutionally educated. The west is falling behind.
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Yes there is, without government, warlords or churches or corporations - whoever is the biggest fish - become the government. And unlike modern governments, they won’t answer to anyone. Removing government will only set us back to the Dark Ages.
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Oh, we’ll have rights and votes and welfare and regulations - and checks and balances on those with money and power again - *after we fight for it again*, same as last time. Essentially we have to do over the last 2000 years, just to get back to where we are now.
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Only if you’ve the belief you won’t be invaded (national defense), that all contracts will be honestly adhered to (courts) and that entrepreneurs will build infrastructure (public good). Otherwise, you’re going to need an institution that’ll build and maintain these three things
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Yes, which is why you're completely skipping over my point. Who do you think becomes the ruling class? what do you think we had during the aristocracies? if you think greed drives progress, reference the robber barons.
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Except it DOES. The iPhone wasn't developed because of "the greater good". It was greed. That greed was the basis for the smartphone generation and the "progress" tied to it. It's inextricably linked to the social media that 2 generations are addicted to. Greed = Progress.
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Apple was originally started by computer enthusiasts, then the more capitalistic half of that duo decided to push for more and more marketing and less and less innovation until now we have iPhones that only incrementally improve themselves while controlling most of the market.
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Humans inherit drive to innovate creative Apple, capitalism stagnates it.
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What about in the case of contracts? How are they enforced without courts?
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In a pure free market there is no market.
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Pure free market: an Anarchist rulebook?
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