- Capitalism and Alternatives -

Prizing commodities

Posted by: borg on June 23, 1999 at 14:47:55:

In Reply to: I give up posted by Samuel Day Fassbinder on June 23, 1999 at 10:56:39:

Apparently, you didn't..."give up".

: : [snipped]
: : Come back when you understand what a free market is.

: So last I heard, entry into a market always had a price, and the control of that price was itself a prized commodity, just like government is a prized commodity under capitalism.

That's state sponsored and supported capitalism, not a free market.

: So what's a "free" market again?

Agreements free of unwanted third parties in peaceful transactions and free of the *coerced* support of uninterested third parties.
Disputes are resolved by private arbitration.

The Forex market is the largest and best example of a huge
free market and there's more trade volumn there in one day than
on the NYSE in 2 months.

See Free-Archy for an example of one element.

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