Posted on 07/06/2009 10:46:37 PM PDT by TheFreedomPoster
Take for example the cigar I happen to be puffing on while I write this wonderful article this beautiful evening. I freely exchanged a certain number of dollars, which I earned by the sweat of my brow, for this wonderfully made cigar. The manufacturer of the cigar, and the store in which I purchased it from, gladly exchanged their fine product for the certain number of dollars that I paid for it.
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Feel free to pimp your blog.
Hey, I got a ‘95 Tbird with good tires...anyone interested?
When two or more human beings get together for ANYTHING, morality flies out the window. JMO.
LOL
The current popular definition of a free market is that anyone or any business should be free to engage in any economic activity so long as it is currently legal.
This means that lobbying governments to give preferential tax and regulatory treatment to particular businesses is a perfectly valid, although immoral, transaction under the current understanding of a free market.
What free market should mean, IMHO, is that the laws should be set so that we have free flow of information, reasonably low barriers to entry into commerce, and a transparent legal system to backup of contracts.
Large corporations shouldn't be able to wear opponents down in court. All commercial transactions should be recorded, unlike the MBS's and CDS's that were traded in the dark "over the counter". Monopolies should not be allowed to force suppliers and distributors to give them special terms when selling their products, nor should they prevent those companies from working with their competitors.
Right now so long as it is legal, corporations can use their crony connections in Washington to use the free market to prop-up a system that is indistinguishable from a fascist corporate state.
We need a free market system that is free for all, not just for those with the least scruples.
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