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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (741576)9/25/2013 11:56:30 AM
From: Jorj X Mckie  Read Replies (1) of 1578124
 
I understand that you think that is all there is to a free market, but you are wrong.

If you have a product where the seller is able to freely set his price and the buyers are free to accept or decline the price, but Supplier "A" receives a government subsidy that reduces his cost base and Supplier "B", without the same subsidy, has to pay market prices for the materials used to make his product, it is no longer a free market in which suppliers "A" and "B" operate.

If the free market is interfered with anywhere in the supply chain, the market in that product can no longer be considered a free market.

One example is the auto industry where US automakers were forced out of the free market for labor . The forced costs of union labor made the US automakers non-competitive against other automakers who were not similarly burdened. This in spite of the fact that they could set the price for their products and the buyers could accept or reject that price. Detroit is the result.

Even you should be able to understand that free markets are a bit more complex than your example (BTW, LOL @ you for using wikipedia as the definitive source of what a free market is)

I think that one of the delusions that you operate in is that we have a free market economy.
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