this post was submitted on 11 Nov 2023
1230 points (82.5% liked)
Memes
45746 readers
1599 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
That sounds like a free market to me. When people have the power to determine their own fate, and how they engage with others for economic coordination.
When everyone has the ability to choose how they engage, that’s called a free market. The economic system based on free markets is called capitalism.
A free market means zero regulation, so I hope you like drinking poison because "ain't no gubmint telling me how to bottle my soda!"
This requires kicking capital out of the economy. That would be defeating capitalism.
No, it's called voluntary participation. Free markets inevitably trend toward monopolies and concentrations of power, because the supply side is not held to any standard.
And look where it's gotten us - with a 1% bleeding the rest dry.