Quote:
Originally Posted by TheSenator
There has never been a "free market". The "free market" is just a theory and not practiced anywhere in the world. All markets in the world have regulation from the government hence no such thing as a "free market".
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Good article above...
Correct the Free Market is a theory... the base underline that people/demand, etc determine the market price of goods is true. The theory is that it will balance out, which I think is proven now that it won't balance out, I guess that kind makes the free market, a bad theory.
This forces regulation by government for more than fraud/protection, to balance out 'parts' of the markets, and without influence would have killed us, which kills the entire idea of a free market.
We don't live in a true free market, not sure we ever did, we lived under the theory of a free market, regulated by our Government. So I guess it is a free market, but not really at all, maybe it's a mixed market?