Free Market Notes

– A free market is illusory in the same sense as a free society.

– the state has authority over markets in its jurisdiction.  It will enforce or enact a certain ordering of society and consequently markets, which is a certain conception of the common good.

– the emphasis on voluntary cooperation is good, but misses the point when put in opposition to state “coercion.” The state enforces voluntary cooperation by restricting extortion even if voluntarily agreed to among other things. This is force and coercion in markets, not to mention coercively enforcing contracts voluntarily entered.

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2 Responses to Free Market Notes

  1. Zippy says:

    A free market is illusory in the same sense as a free society.

    Precisely — in fact the former observation is literally the same as the latter but focused on authority with respect to property in particular. The former is a mode of the latter, is a focusing-in on a particular but inseparable facet of it.

    Like

  2. Yep. I’ll catch up on these observations eventually.

    Like

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