That “Free Market” Illusion

We hear a lot about “free markets” and “free trade” these days…well for many decades…..it has been the clarion call of conservs….

Let’s look at the term “free markets”…..

A free market economy is a type of economy that promotes the production and sale of goods and services, with little to no control or involvement from any central government agency. The economic system is primarily based on supply and demand. Order and power in a free market are decentralized, with individuals making all of their own voluntary economic choices.

In a free-market economy, firms and households act in their own self-interest to determine how resources get allocated, what goods get produced, and who buys the goods. A free market economy functions in the opposite manner as a command economy works, where the central government gets to keep the profits and choose how to use them.

Read More….https://www.intelligenteconomist.com/free-market/

That is what a free market world would look like if it were truly a free system…..it is not.

Let’s be honest……A pure market economy has no barriers to economic exchange: you can sell anything to anyone else for any price. In reality, this form of economics is rare. Sales taxes, tariffs on imports and exports, and legal prohibitions—such as the age restriction on liquor consumption—are all impediments to a truly free market exchange.

So free market is total BS.

Now comes the term “free trade”…..Free trade is a largely theoretical policy under which governments impose absolutely no tariffs, taxes, or duties on imports, or quotas on exports. In this sense, free trade is the opposite of protectionism, a defensive trade policy intended to eliminate the possibility of foreign competition.  

Free Trade has an ugly side…..

  • It causes job loss through outsourcing: Tariffs tend to prevent job outsourcing by keeping product pricing at competitive levels. Free of tariffs, products imported from foreign countries with lower wages cost less. While this may be seemingly good for consumers, it makes it hard for local companies to compete, forcing them to reduce their workforce. Indeed, one of the main objections to NAFTA was that it outsourced American jobs to Mexico.
  • It encourages theft of intellectual property: Many foreign governments, especially those in developing countries, often fail to take intellectual property rights seriously. Without the protection of patent laws, companies often have their innovations and new technologies stolen, forcing them to compete with lower-priced domestically-made fake products.
  • It allows for poor working conditions: Similarly, governments in developing countries rarely have laws to regulate and ensure safe and fair working conditions. Because free trade is partially dependent on a lack of government restrictions, women and children are often forced to work in factories doing heavy labor under slave-like working conditions.
  • It can harm the environment: Emerging countries have few, if any environmental protection laws. Since many free trade opportunities involve the exporting of natural resources like lumber or iron ore, clear-cutting of forests and un-reclaimed strip mining often decimate local environments.
  • It reduces revenues: Due to the high level of competition spurred by unrestricted free trade, the businesses involved ultimately suffer reduced revenues. Smaller businesses in smaller countries are the most vulnerable to this effect.

(thoughtco.com)

There you have it “Free Markets” is an illusion….”Free Trade” is an illusion……all made up benefits to make it more appealing to the workers which are continuously scorched by the lies of the oligarchs.

We have come to a point in our nation’s public discourse where there is a widespread realization that many of the economic policies pursued and promoted by our political, business and media elites have failed us in multiple ways. We have heard our trade policies called “Free Trade” and “Free Market”, but those statements were often dishonest.

When crafting these agreements, our elites have been responding to incentives which are beneficial to their institutions but detrimental to the well-being of American citizens.

Traditional conservatives have been observing and asking about these policy failures for some time and have been met with name-calling and general denigration. During this current pandemic crisis, the magnitude of the failure of these misguided agreements and policies has become unavoidably obvious.

The Illusion of ‘Free Markets’ and ‘Free Trade’

Be Smart!

Learn Stuff!

And Join a Union and fight for your rights and your life….being a passive spectator will NEVER give you the end that you seek.

I Read, I Write, You Know

“lego ergo scribo”

14 thoughts on “That “Free Market” Illusion

      1. Ah.. a Wobblie. 🙂 They started in my home town.
        I worked in a union as a teen when I was “forced” to join to get a summer job. I had no issues. Some sort of ‘elevator operators and doorman’ union local.
        Later I worked as a supervisor in a clerical union environment… now THAT was a lesson. While I was “management” it was entirely confrontational.. never liked it.
        I guess it depends which side of the environment you are on. My current mind-numbing ‘retirement’ job as a guard very likely should unionize. The industry is an abomination.

      2. Yes I was a member of IU640….plus I was a delegate is what they call the organizers of IU340……I had to stop organizing when I lost my left leg in Katrina and then my toes to smoking. chuq

  1. Haha…free market? Yeah, no. I just listened to an airline lobbyist a couple weeks ago telling the Senate that the government should “share the cost” of what is happening to the airlines. The so-called “free market conservatives” on the committee were eagerly agreeing with him. Anyone who thinks we live in a free market society right now is seriously deluded.

    1. Free Markets are a lie that the charlatans tell the masses to get them to do as they wish……it is a dream…a wisp of steam only….chuq

  2. I enjoyed your analysis of the current level of free-marketism in the U.S. One thing we can definitely agree on is the total lack of free-marketism in anywhere in the world really. It is dangerous to associate the failed government policies we have with capitalism because then capitalism is blamed for our problems. However, I wouldn’t say that left-leaning politicians are purely to blame… the American politics system is broken and the incentives of ANY politicians (to get votes) do not align with the incentives that voters face (make things better for everyone.) I see many government policies, which go against the principles of capitalism, that come from people on both sides of the political spectrum. If you have time maybe check out my blog and post your thoughts!

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