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Would a truly 100% free market work?

Would a truly 100% free market work?

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radcen

radcen

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Would a truly 100% free market work?

I'm talking 100% FREE, no regulation whatsoever.

In theory, as if we started that way and kept it that way. Going back to that extreme would be pretty much impossible now, so this discussion is in theory only.
 
Of course not. Embracing any ideology blindly and fully without considering the ramifications is foolish.

And in the end, the only difference between a fully communist society and a fully free market society is whether the guy who rules over you is called a "Premier" or a "CEO".
 
No because it would be free of taxation, thus no government to provide currency, courts, other infrastructure or defense.
 
Harshaw said:
Yeah, that's a thing. For some people, "work" seems to mean "never produce a result I don't like, ever."
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It's hard and easy to answer this question.
Does a market work, regardless of the regulatory circumstances, I guess my answer is yes.
There are obviously some exceptions, like depletion and/or an impossible to penetrate barrier.
 
ttwtt78640 said:
In this context it appears to be shorthand for would X 'work out' as in would X 'have a good or specified result'.
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Work out to what though?

radcen said:
If you have to ask, you're answer is 'no'.
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Is "work" a personal preference or is it being used as a synonym for "operate."
 
radcen said:
Would a truly 100% free market work?

I'm talking 100% FREE, no regulation whatsoever.

In theory, as if we started that way and kept it that way. Going back to that extreme would be pretty much impossible now, so this discussion is in theory only.
Click to expand...

Nash Equilibrium's say no.
 
radcen said:
Would a truly 100% free market work?

I'm talking 100% FREE, no regulation whatsoever.

In theory, as if we started that way and kept it that way. Going back to that extreme would be pretty much impossible now, so this discussion is in theory only.
Click to expand...

Laissez-faire? No, that gets captured by monopoly and oligarchy quite readily. We've run that experiment, seen where it ended. But I don't believe laissez-faire can be called "free market". I believe the free market, like the free state, requires a small and proper amount of government oversight and regulation to preserve. Of course, the rub is always determining what that small and proper amount really is.
 
radcen said:
Would a truly 100% free market work?

I'm talking 100% FREE, no regulation whatsoever.

In theory, as if we started that way and kept it that way. Going back to that extreme would be pretty much impossible now, so this discussion is in theory only.
Click to expand...

No. Things like unrestrained monopolies will occur in an unregulated system.
 
radcen said:
Would a truly 100% free market work?

I'm talking 100% FREE, no regulation whatsoever.

In theory, as if we started that way and kept it that way. Going back to that extreme would be pretty much impossible now, so this discussion is in theory only.
Click to expand...

Why are we debating this "theory"?
 
radcen said:
Would a truly 100% free market work?

I'm talking 100% FREE, no regulation whatsoever.

In theory, as if we started that way and kept it that way. Going back to that extreme would be pretty much impossible now, so this discussion is in theory only.
Click to expand...

The question is whether or not a government would even exist under a 100% free market, as some anarchocapitalists have suggested. Never mind the fact that you need a government to decide who owns what, you would also have essentially no way of providing services like transportation and education to society's worst off.
 
Roycarn said:
The question is whether or not a government would even exist under a 100% free market, as some anarchocapitalists have suggested. Never mind the fact that you need a government to decide who owns what, you would also have essentially no way of providing services like transportation and education to society's worst off.
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Theoretically, government could still exist to record documents and keep things like ownership straight and orderly.

You are correct that there would be no government provided services such as transportation or education.
 
That government which governs best, governs least.

Maybe some government is necessary but, the POLICE STATE of the right and the Nanny State of the left????
 
American said:
Why are we debating this "theory"?
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To demonstrate the validity of MASSIVE government intrusion....er....regulation of markets. What else? :roll:
 
radcen said:
Would a truly 100% free market work?

I'm talking 100% FREE, no regulation whatsoever.

In theory, as if we started that way and kept it that way. Going back to that extreme would be pretty much impossible now, so this discussion is in theory only.
Click to expand...

A 100% free market would allow you to trade human beings. And for that reason, I'm out.
 
"Work" to/for the betterment of everyone?
 
Harshaw said:
Yeah, that's a thing. For some people, "work" seems to mean "never produce a result I don't like, ever."
Click to expand...

Like our "president."
 
Phys251 said:
Like our "president."
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If so, so what? What possible purpose could you have in saying this to me? And what does it have to do with the topic?
 
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