@Paradox, I'm not Codes

How do you define free market then?

I am curious

Never mind. He won't yield so there's no point.

I guess we are speaking different languages, lol. The words seem the same, but all the meanings are different.

I would yield, but I defined a free market

And he has given up without even defining free market.... I'm just confused

Your definition is fine.

Instead of talking theoreticals and working towards the granular, I was going to try talking about specific cases and work up from there.

Your understanding of it, isn't, lol

Then plz talk to cat

Because, honestly, I don't have all the answers

Dont give up over me being a 20 year old

I go into debate to learn how others think and share how I think. I don't go into it specifically to persuade.

I was trying to explain my way of thinking

Be ready to ask questions and then let others talk

He never explained his....

Then keep asking questions

In fact rye just insulted me

Atleast paradox was polite about it

Anyhow, my arguement was not even over the definition of a free market

I was arguing that people shouldn't use the term free market if they believe in any regulations

On the economy as a whole

But you never established a lot of basic concepts.

depends on what the regulations are regulating. Anything outside the market, is a separate system.

Which again is why I like to use specific examples.

Then what about the one cat said? What about lobbying firms, these are private businesses

What about slavery? That was a private transaction between businesses

limit government power and they go away on their own.

So, Paradox, where do you believe regulation of a market makes sense when the ideal is considered a free market but there is also the desire to maximize the overall social benefit of a market?

Codes, please stop

Ok

Throwing out so many topics you overwhelm the other member and they can't answer without confusing things

Alright, I will stop

So, @Paradox, where do you believe regulation of a market makes sense when the ideal is considered a free market but there is also the desire to maximize the overall social benefit of a market?

1. I don't believe regulation of a market makes sense, ever. 2. Desire? Not interested.

So, in the instance of public safety, how do you address companies lying on labels by placing ingredients different from what they say in a product? Or using unsafe ingredients? Food and drug purity and safety have not always been assumed. In 1906 the feds had to regulate the market to assure products contained what the labels said they did and in 1938 the same had to happen to ensure the products were even basically safe. Both regulations were in response to real market abuses.

https://www.the-scientist.com/foundations/the-elixir-tragedy-1937-39231

https://www.fda.gov/AboutFDA/History/FOrgsHistory/EvolvingPowers/ucm054819.htm

https://www.fda.gov/AboutFDA/History/FOrgsHistory/EvolvingPowers/ucm054826.htm

https://www.fda.gov/AboutFDA/History/FOrgsHistory/EvolvingPowers/ucm055118.htm