Free Market ( In every aspect)

Analogia Malenga · 2019-10-16T10:18:39+00:00

After the fall of socialism/communism, most countries have subscribed to capitalism/free market in other words. It is not such pure capitalism but it can be seen that, capitalism is more preferrable than socialism (no western propagandas). The failure or the success of capitalism is not my topic today, i will just put some questions if free market can be a real free market. 1. CURRENCY One of the product that government fears to decentralise is Currency. Thus, to our time most governments have not allowed crypto-currency to be used, because they wont have control over it. But then what is free market if central banks are still hold to be monopoly of currency and all that accompanies it? 2. BLACK MARKET What is free market if some products are in prohibition? Why can't everything be free in the market in this market economy. In positive economics, as Milton Friedman puts it, does not have ethics in its equation. It is just money making and that's all. Maybe black market is labeled black so as to give values to the products in it. Market Economy/Free Market is an Economic issue, positive economics is not compactible with ethics and whatsoever. Qn. Do we subscribe to market economy, purely?

Thread starter Analogia Malenga
Start date Oct 16, 2019

Analogia Malenga

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Free Market ( In every aspect)

Analogia Malenga

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