The Free Market Fable
I’ve always thought that a well regulated free market was best for a society to have a robust economy. Well placed financial parasites want everyone to believe in a “free” market because they can easier leech off an unregulated system.
If we get a little picky about the terms we put out there, the economy starts to grow more interesting.
Market dynamics have always required references and rules as guides for the fairness that attracts activity. It should open up and deal in the same way for everyone.
There never has been a free market. Just more fair or less fair.
The term “regulated free market” is an oxymoron. Markets are more or less regulated. They aren’t alive. It’s not something that wants to be free.
A less or poorly regulated market will be more unfair and exacerbate income inequality.
For the Gentility, it is called the free market of Capitalism. They banter about “Darwin” economics, revealing their commitment to a philosophy of jungle law and the survival of the richest. The upper crust are financial cannibals.
Civilization requires a regulated market. A poorly regulated market will perform poor socially. Socialism is a matter of degrees. Capitalism is socialism to such a small degree that it’s anti-social. Civilization is in the other direction because the fact is, we are social creatures. We suffer when we abandon our basic human values.
Materialism can not replace empathy and trust. What would be the point? Whatever could survive would not be human.