This is slavery which is the opposite of a free market. On a free market everyone's freedom is protected.
This might be the most misunderstood aspect of what a free market means. It does not mean that you're free to violate freedom of others. It means that everyone is free to buy and sell any product or service while consenting to do so under full information symmetry. You're not allowed to violate others right to do so; using violence, lying or any form of dishonesty, which happens in this case.
I'm not saying that free markets solve everything. For example, a worker might accidentally sign a contract which turns out to be exploitative. Which means that the laws about exploiting or harming anyone must override any free market contracts.
The contradiction I see is that the free market you mention needs a some organism that ensures violating other rights is punished. And this goes further, as far as anyone has resources to buy this same organism they will not suffer any consequences. That's what happen now in most governments. The state is just a way to protect billionaire's interests.
Geee|1 year ago
This might be the most misunderstood aspect of what a free market means. It does not mean that you're free to violate freedom of others. It means that everyone is free to buy and sell any product or service while consenting to do so under full information symmetry. You're not allowed to violate others right to do so; using violence, lying or any form of dishonesty, which happens in this case.
I'm not saying that free markets solve everything. For example, a worker might accidentally sign a contract which turns out to be exploitative. Which means that the laws about exploiting or harming anyone must override any free market contracts.
CapitalTntcls|1 year ago
wormlord|1 year ago
animal_spirits|1 year ago
CapitalTntcls|1 year ago
wormlord|1 year ago