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.
