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nutjob2 | 6 days ago

An example of unregulated market is where I come to your house and put a gun to your head and in exchange for not pulling the trigger you give me your various items of value.

That's one form of trading with your neighbor.

discuss

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WarmWash|6 days ago

While you are technically correct, you are neglecting that it would a be a bad idea, because in such a market I would likely answer the door with a shotgun or I would have an agreement with my other neighbor to shoot you if you come to my door brandishing.

This is actually also how global diplomacy works. Either have big guns or big friends.

AlecSchueler|6 days ago

If you're relying on threats of violence to make your trades then you've become the regulator.

Xunjin|6 days ago

I think you have gone in the end of the spectrum, in a sense that even a state law's are being broken, we are talking about rules in the market itself.

SR2Z|6 days ago

An unrelated market is an oxymoron. You could come to my house and put a gun to my head, but that's not a consensual trade. That's just thuggery; the point of a market is that both sides benefit from trade.

For markets to exist, property rights also need to be respected.

nutjob2|6 days ago

The gun was an analogy and the comment satire, but the thuggery is real and the weapon is money.

For markets to exist they indeed need to be regulated and when they aren't you get something other than a market, you get thuggery.

shmeeed|6 days ago

Username checks out

Edit: upvoted because it's true