Myths/government regulation stifles free markets
< Myths
Jump to navigation
Jump to search
| Myth: Government regulation interferes with the operation of free markets. |
| This may not be phrased exactly right; need to find actual examples of this claim. |
Myth
The free-marketist claim is that free markets operate best in the absence of government, and that government regulation "distorts" them and prevents them from operating efficiently, or at all.
Reality
This is the opposite of the truth. You can't have market competition without external regulation. Would any sane person participate in a high-stakes game without a referee? – unless, of course, they thought they could control the outcome through force...
Related
- Myths/monopolies would not exist without government - monopolies have generally only existed where government specifically decided to do nothing to prevent them