this post was submitted on 04 Oct 2023
686 points (97.2% liked)

World News

32353 readers
358 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] ProxyTheAwesome@hexbear.net 14 points 1 year ago

If it involves "an oligopoly, a cartel, or a monopoly" then it is not a "free market"

Markets unregulated tend towards oligopoly, cartels and monopoly over time. Free market is interchangeable with private autocracy.