| | Jim,
Markets are about exchanges and the exchanges occur within a framework of laws (or there absence). The laws or rules are the context in which exchanges occur. There are some contexts that are not conducive to the kind of exchanges that enable humans to flourish - those where there are no rules of the sort that prevent the initiation of force, fraud or theft, i.e., anarchy. Or, those contexts where there are multiple sets of conflicting rules, i.e., anarchy. Or, those contexts where the set of rules are designed to aid one group in using the initiation of force to steal from others, i.e., those areas under non-objective laws that are not based upon individual rights.
There is only one context that is conducive to the kind of human exchanges where humans flourish - that context where the laws are objective and arise exclusively from individual rights.
Exchanges are voluntary or not. Voluntary is about choice. Choice is about the absence of initiated violence and theft. If you don't have the right rules, you don't have an environment conducive to exercising choice, which means less voluntary exchanges which means your markets are NOT free.
Contrary to any other definition, the only valid way to distinguish between political systems is in the use of force relative to choice. Is it designed with objective laws based upon individual rights and therefore only using force to defend against rights violations? If the answer to this is no, the system may be anarchy, fascism, or socialism but it is not capitalism. When someone takes an honest look at the fundamentals, they see that Capitalism REQUIRES a minarchy based upon individual rights. You have to establish the monopoly of laws, because they create the context that is required for FREE markets. -----------
Those who try to argue for anarchy by saying that anyone arguing for any government service is arguing for socialism, is playing cheap word games. They expose their weakness in doing so. And they never explain how a set of laws will arise out of free competition, when there is no free competition because they do not have that context where competitors are free of the initiation of violence. That context requires a monopoly of good laws - it can be arrived at in no other way.
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