Thu 31 Aug 2006
Free Markets Cannot Succeed
Posted by Charles Clarkson under The Good Fight
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In a recent debate, a free market detractor described libertarians as the “free market is infallible crowd.” Infallible means something is incapable of failing, but it also implies that failure and success are meaningful descriptions of the subject. Free markets cannot fail or succeed. Since there is no goal to a free market, there is no way to measure success or failure and those two results do not apply.
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