The only difference is that free market theory is intentionally a lie. Devised from England by John Smith to keep economically disadvantaged countries as suppliers of primary products.
England grew up protecting industry and encouraging it from the state. Once they got their dominant position, they invented the free market in a malicious way.
The so-called economic science affirms that the development of nations needs the absence of economic restrictions in order to be competitive in the long term.
Contrary (intentionally) to the real formulas used by Great Britain to take the leading role away from more advanced countries in the region.
With these protectionist measures (such as the banning of imported products and the export of primary products) England laid the foundation for the industrial revolution long before it happened.
Do you mean the Corn Laws and that part of history? Well true, most governments where statist and protectionist before 1830-50's. However, it was not England that invented free market by itself. It was the process of individual thinking and ideas, development of liberalism and liberal politics at that time, social changes as with urbanization and spread of ideas as freedom and human rights.
At the same time, I can agree with you that there is no such thing as a completely free market. Even a free market is somehow regulated, formally or informally. For example, I cannot legally buy cannabis in Sweden or I cannot sell a human as a slave. So every market is regulated, the question is how?
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Hm, ok? What does that mean?
Both are built on flimsy arguments.
The only difference is that free market theory is intentionally a lie. Devised from England by John Smith to keep economically disadvantaged countries as suppliers of primary products.
England grew up protecting industry and encouraging it from the state. Once they got their dominant position, they invented the free market in a malicious way.
The so-called economic science affirms that the development of nations needs the absence of economic restrictions in order to be competitive in the long term.
Contrary (intentionally) to the real formulas used by Great Britain to take the leading role away from more advanced countries in the region.
With these protectionist measures (such as the banning of imported products and the export of primary products) England laid the foundation for the industrial revolution long before it happened.
Do you mean the Corn Laws and that part of history? Well true, most governments where statist and protectionist before 1830-50's. However, it was not England that invented free market by itself. It was the process of individual thinking and ideas, development of liberalism and liberal politics at that time, social changes as with urbanization and spread of ideas as freedom and human rights.
At the same time, I can agree with you that there is no such thing as a completely free market. Even a free market is somehow regulated, formally or informally. For example, I cannot legally buy cannabis in Sweden or I cannot sell a human as a slave. So every market is regulated, the question is how?
Hi, @cre47iv3!
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