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Re: So why don't US citizens get this?

  • From: Fred Baker
  • Date: Sun Jul 27 02:38:44 2008

On Jul 27, 2008, at 5:37 AM, Joe Greco wrote:

Yes, I do. The free market is a system where corporations like to take
the easiest road to do the least work to maximize profits, while everyone
else is doing the same thing.

Recognizing your biases here, I think an economist might define it a little differently. For example, see http://www.investorwords.com/2086/free_market.html .

The key thing in that definition is the lack of government intervention in its various forms. That's D'Arcy's point. Where there is government subsidy, regulation, or other intervention, it cannot be described as a free market.