On free markets

I have seen some libertines argue that we should have no government regulations and I think this would include no subsidies nor protections and that each business should be free to enter the market and compete only on merit. No trade unions, no minimum wage regulations and all. Maybe even no employment act as we have in Ke.

The argument is that in such a system, bad business practices will be weeded out naturally and that this may even be beneficial to the environment.

I have also seen some oppose taxation. Since some governments use the bulk of tax money in military investment, maybe this will help the peace effort if there is no money to be appropriated to the war effort.

Is this practical? Is it desirable? Should we demand no control for markets and all?

And from Robert’s blog, capitalism is facing a crisis

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