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submitted 1 year ago by NightOwl@lemm.ee to c/worldnews@lemmy.ml
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[-] jsdz@lemmy.ml 0 points 1 year ago* (last edited 1 year ago)

I dunno, maybe they changed the terminology since I took it. Seems to me "free market" was not previously imbued with all that meaning you guys are reading into it. I'm not convinced it isn't just an Americanism. To me a "free market" is simply one that's substantially free of distortion, resembling to a notable extent a perfect market. But I'll certainly avoid the phrase in future.

[-] TWeaK@lemm.ee 6 points 1 year ago

A "free market" is an unregulated market. At least, that's how it's sold in politics. An unregulated market lends itself towards cartels and monopolies.

[-] jsdz@lemmy.ml 3 points 1 year ago

Indeed, I am convinced of it. Thanks to everyone who took the trouble to help fill in my ignorance there. It was a pleasure being your crazy person on the internet for the day.

this post was submitted on 04 Oct 2023
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