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Saturday, December 19, 2009

Free market?

The next time you hear someone hawking a free market, remind them of the eventual outcome. ... like the free market in ... Somalia.  There the rule is by thugs with AK-47s, not by "rule of law" (aka regulations).

The "Free" idea needs to balanced with "Rule of Law", also known as "regulation". All enterprize has rules and regulations. The question should be are the rules "fair" or beneficial to society in general or on the whole. Or do they favor a select group? 

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