this post was submitted on 14 May 2024
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[–] jaspersgroove@lemm.ee 29 points 6 months ago* (last edited 6 months ago) (1 children)

Tomato, tomato. The free market is a myth, there is no part of the economy that goes without manipulation. Anytime business owners can’t directly manipulate the market themselves they bribe governments to do it on their behalf.

[–] NotAnotherLemmyUser@lemmy.world 6 points 6 months ago

I don't think anyone is arguing that a pure free market exists.

Having a capitalist economy doesn't mean that you have a pure free market anyway.

Although there are libertarians that would like to have a free market like that, every capitalist economy has regulations in place in an attempt to prevent monopolies and/or businesses having too much power in one area.