Why the “Free Market” Today Resembles Soviet-Style Communism

A free market isn’t the same as “freedom.” In several blog posts, I’ve heavily criticized the conservative perspective that naively – and inaccurately – couples neoliberal economics with our broader concept of freedom. Like economist Milton Friedman and his legion of followers, proponents of free markets argue that any governmental regulation that prevents a private enterprise from achieving its profit goals is a widespread and unlawful attack on the freedom of every man, woman, and child. On the surface, the logic of the argument is convincing. Government regulation – in the form of new environmental standards, stricter health standards or small business registration hurdles – creates costs

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