Comment: Hello, I posted...

(See in situ)

In reply to comment: I did not read too many comments. (see in situ)

Hello, I posted...

"Can unalienable rights exist in a free market". Thanks for the links. The point I was making, or trying to make in my post was essentially what you've said, i.e., there has never been a truly free market in recorded history for the reasons you point out. More importantly, I believe that cartels/monopolies have co-opted the term "free market capitalism" in an attempt to redefine the term and use it to serve their monopolistic purposes. I think this is an important point because the term is so often used without acknowledging that the term can mean different things to different people. Just because someone says they're a "free market captialist" doesn't mean they support the principles of capitalism, or freedom as intended by our founding documents.

So as not to serve the purposes of monopolies/cartels who use the term free market to equate their anti-competitive practices with capitalism, I choose to drop the "free" and describe my economic philosophy as competitive capitalism based on the rule of law. Why the rule of law? Rules are required to ensure a competitive market that efficiently allocates resources. Rules are required to ensure price discovery based on supply and demand. And rules are required to ensure that those who succeed in the market, do so based on merit, not privilege.

Futhermore, like the founders of this country, I believe government is a necessary evil because as the Declaration of Independence states, governments are instituted by people to "secure" their unalienable rights, and governments are abolished when they fail to secure those rights. So in a Constitutional Republic based on the rule of law, there can be no truly free market, which in my opinion would be would a form of anarchy. Given the lawless nature of Wall Street's Too Big To Fail banks, and their bipartisan criminal co-conspirators, all of whom claim to support free market principles, I believe they mean anarchy when they use the term "free market capitalism". So I drop the word free because it's used to muddy the linguistic waters, and I write posts like this one to clarify what it means to practice capitalism within the moral framework of a Constitutional Republic. (Rand Paul: One person can make a difference) (Fast and Furious hearing)