Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (20502)	1/6/2005 3:58:36 AM
From: gpowell	Read Replies (1) \| Respond to of 116555

I think one has to account for the idea that a free market doesn't resolve conflicts arising from individual rights and freedoms. My right to pursue happiness stops at the limits where it inhibits your right to the same. This is why for a free market to flourish you need laws protecting private property and the rights of individuals, a free market doesn't mean a free for all. Overall, your statements are consistent with a classical liberal view of the market, which is a system based upon on a natural law concept. However, if one believes in the market as a discovery process with no natural constraints, or laws, then we can see that conflicts are resolved through the creation of a superstructure of culture, religion, laws, and institutions - with government being but one of the set of institutions. Further, being a discovery process, the market encompasses both socialism and classical liberalism, and thus, the dichotomy you assert between the “free market” and government (or laws) arises from your conception that government should constrain itself according to natural law precepts, while the government we have includes socialist concepts.