Comment by lo_zamoyski
3 years ago
That wouldn't be a free market. It would be some kind of oligarchic corporatism. Government is necessary to truly enable free markets. The key to understanding that is to understand what "free" truly means [0]. It isn't "do what thou wilt".
A freely competitive market (as envisioned by Adam Smith) is very different from a free market (as the term is commonly used today, at least by many conservative political parties). I fully agree that without sufficient regulations markets cease to be freely competitive.