Difference between revisions of "Unregulated Market"
From Critiques Of Libertarianism
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[[Category: Responsibility]] | [[Category: Responsibility]] | ||
[[Category:Capitalist Harms|100]] | [[Category:Capitalist Harms|100]] | ||
| − | {{DES | des = Includes black markets. In an unregulated market, you have the freedom to buy and sell whatever you want, no matter how noxious. Drugs, poisons, child prostitutes, slaves, beatings, torture, executions, military force, mass murder: all these are sold in unregulated markets. Libertarians generally oppose market regulation, and thus would produce these ills. | show=}} | + | {{DES | des = Includes black markets. In an unregulated market, you have the freedom to buy and sell whatever you want, no matter how noxious, no matter how fraudulently. Drugs, fake drugs, poisons, child prostitutes, slaves, beatings, torture, executions, military force, mass murder: all these are sold in unregulated markets. Libertarians generally oppose market regulation, and thus would produce these ills. Unregulated markets cannot correspond to [[Free Market Theory|the free market mode]]l because there is not perfect competition (assumptions of perfect information and rationality fail.)| show=}} |
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{{List|Unregulated Market|links=true}} | {{List|Unregulated Market|links=true}} | ||
{{Quotations|Unregulated Market|quotes=true}} | {{Quotations|Unregulated Market|quotes=true}} | ||
