It’s also impossible, since it has two contradictory meanings: a market with no regulations, and a market free from barriers to entry. But an unregulated market will always degenerate to an oligopoly, and oligopolists always end up rigging their markets.
That’s why my definition of a libertarian is someone who doesn’t understand second-order effects. Their whole world view is doggy-doggy horsey-horsey linear relations. It’s even dumber than being crudely mechanistic.
Laissez-faire capitalism is a cancer.
It’s also impossible, since it has two contradictory meanings: a market with no regulations, and a market free from barriers to entry. But an unregulated market will always degenerate to an oligopoly, and oligopolists always end up rigging their markets.
That’s why my definition of a libertarian is someone who doesn’t understand second-order effects. Their whole world view is doggy-doggy horsey-horsey linear relations. It’s even dumber than being crudely mechanistic.