Free Markets Cost Too Much August 18, 2005
It is a given in the United States that free markets can solve all problems. Bureaucratic inefficiency? Give the job to competing businesses and waste will disappear. World hunger? Nothing some free trade can’t cure. Global warming? If there’s a problem, free markets will let the best solution win. Unfortunately, despite the application of capitalism, the problems on the ground get worse, not better. However, that’s supposed to be because we still have too much regulatory baggage for the benefits of freedom to show through. The more problems there are, the more free trade we need. That kind of thinking […]