Topic: The freer the market, the freer the people? - page 2. (Read 587 times)

What market?The cryptocurrency market or every market in the economy?
If you are talking about the second option I think that market freedom is kinda overrated.
Having a totally free market (by free I mean unregulated) means that it would be easier for the bigger companies to smash the smaller companies and to create a monopoly or a cartel,which means that the market will no longer be free(the cartel/monopoly will smash any competition and close the market for new competitors).
Having moderate regulation by the government is better than having a totally free market with no regulations.
Bitcoin can't be excluded from the market economy.I don't think that BTC is totally free.There are crypto whales and big miners that have a certain level of control and influence over BTC.

What I have come to understand is that there are people who wants to just live their life and do their thing without anybody monitoring every move they make on the net, and the government (not just the government alone) is fond monitoring people unnecessarily on everything, so that causes some people to look for other alternatives that will help them maintain that anonymous life and activity.

Bitcoin and other cryptocurrencies is like an answer to that problem, but unfortunately there are those who wants to make use of it for the wrong purpose. Because of that, people can’t be hundred percent, if we are free to do whatever we want, without anyone keeping an eye on what we are doing, then people are going to do a lot of crazy stuffs and go free.

Freer market means freer people. More freedom for them to do their crimes. I know people needs to be given freedom, but not everyone is like us. There are people who will start abusing their freedom. We should probably see how badly it is going to affect us when there is no regulation at all. Can people be trusted with total freedom?
Lol, no bitcoin is not a completely liberal currency. It is regulated and usage has restrictions just like normal currency.

Some constraints should be pertained without being too authoritarian. Because when the market becomes free, there will be no bias. Frauds can escalate. There is a saying that " if the rope is grabbed too much then it smashes if it is expelled it omits its existence."

Some regulation is needed because if we did not had that then those business producing goods and services could tell all kind of lies or could sell harmful products, this is especially true when it comes to the food and pharmaceutical industry, however we live in an age in which governments have gone too far and are overregulating not only the economy but every single behaviour of their citizens, as such bitcoin is a response to this to bring more freedom to the people and while we are far away from getting a significant amount of the population to enjoy greater freedom we have taken the first steps to get to that goal.

Free trade is not always fair trade. In the free market, fair trade values must be upheld, so there is a meeting point between seller rights and buyer rights. The role of the government (as a supervisory authority) must be emphasized so that a free and fair market system that is free of manipulation and monopoly can run optimally. That way, a fair business system can be created, of course, the government must be fair by being neutral and subject to existing values and rules. The rules must overshadow justice, the rights and interests of all people. Because the allocation and distribution of resources is fair and efficient, they cannot automatically be realized by themselves based on market forces

The absolute free market embraced by liberals and capitalists is the wrong concept of a free market. Freedom is always followed by accountability (humans must be responsible for all their behavior because they have freedom of choice) a simple example of people knowing that illegal logging will cause the effects of floods and landslides. Disposing of waste into rivers whose water is needed by the community to wash and bathe is a wrong thing, but because they want to get the most profit, the values are set aside or forgotten.

Some things that need to be monitored by the government are freedom of market entry, promotion and propaganda arrangements, the prohibition of hoarding goods, regulating trade intermediaries, and price control.

Free markets are and always have been the tool of the powerful to bludgeon the weak.

How much did India and China benefit from Britain's advocacy of free markets in the with century?

How much did the working poor of any nation in that period?

Or this period, for that matter?

Free markets are a tool of the rich and powerful to keep themselves so, and to make themselves more so. Which is why the richest, what, 1%? Control half of global wealth.

I agree with your point of view, because a financial market without discipline and law is like a market. indeed, the financial market should not be free, because then the opportunity only for those who have a lot of money and those who have little money will only lose money over time. then there will be no fair and no one wants to participate in any kind of financial market at all.

Good and bad things have happened in our crypto market. You are right to judge in 2 aspects fairly. That is, traders will be free to trade without having to go through the traders or can arbitrarily transfer money from exchange to exchange easily. we are free, but the price we pay is the manipulations of the whales. when there is no law here, it will be even more powerful.

Yes, that is right. With the free market, people will have the opportunity to connect with so many people in many countries. And with bitcoin, people will have the option to pay what they buy without telling their clients who are they. But unfortunately, until now, only a small percentage of people use bitcoin, and many people still prefer to use fiat money to buy in the market.

I just follow one rule: if someone promises me "freedom, equality and fraternity" then it means only one thing-an attempt to build a cultural Gulag and take away all the freedoms that already exist and make a person as limited as possible in their rights. If I am promised a "new wonderful world of universal equality" , I immediately remember the book "We" by the russian writer Yevgeny Zamyatin. Well, Orwell's 1984 - who is closer.

We need to see a truly free market before we can make a judgement about it as there's never been one and probably never will be.

I expect the US regards itself as a free market but when you take an actual look it's extremely socialistic, but that socialism is reserved for dealings between the government and the corporations, not the people or entities they sell to.

I think not a good idea either. Just like what have you said, there's always a negative side in such condition. Too much freedom on buying and selling would be unhealthy in a sense that illegal stuff such as drugs, firearms, endangered animals or anything you can found in Black market will now accessible for everyone so easily. What do you think would probably happen if each one of us got our own pistol even let's say just for protection purposes "only"? Bruh you can't talk peace while you have a gun, this lead to chaos for sure. How ironic that freer market do not result to a peaceful living.

On the latter part, I agree on being open for wider variety of payment methods. I don't see anything wrong about it, it actually brings more comfort for the people .

While being free is good and what we all wanted, there is always a negative side on it as there will be no rules to follow, some will be free to do scam or do bad services and cam ruin the market as a whole. Its good to be free in buying and selling as well in having different investment and payment methods in our own means but some situations really needs to have laws or rules to follow for equality and betterment of the situation. When we begun to be too open in embracing everything sometes we forget that it doesn't really necessary that makes the situation worst.

It depends on what you mean by "freedom". Yes the freer the market the freer people are in things like
- opening/running your own business
- product selection
- easier transition from one job to another
but at the same time, you can face problems that are currently solved by antitrust committees in different countries (although they do not cope with the same Disney). I do not believe that the market can be left completely uncontrolled entity, but there are already levels of sufficient freedom that allow you to feel comfortable and not think about not being free.

Like anything else, Free market is an idea which is good in moderation and bad in extreme. The free market needs to be bound by the conditions of the community in which it operates. The liberal world order has equated globalization with a free market. A local market can also be a free market sans the effects of globalization.
Obviously, if the market is free, the people are free too. Free to choose what they sell and what they buy, what they like and what they want more. But for this, a cycle of trust and feedback is necessary. When local markets are replaced by conglomerates, this trust and feedback cycle is taken over by virtual, unfeeling, distant customer care. Yet again, it is necessary to allow advances elsewhere to seep towards developing countries slowly, which warrants some form of regulation.

Its a balancing act but yes, we would rather have free markets. Though, not like the USA where a pharmaceutical company making an essential drug like Remdesivir (which it effectively already has monetized earlier), can price it at USD 3000+ for a single patient.

Better still, it's not centrally controlled, or it is not controlled by one person or bad entities acting against community's good core values or good shared beliefs.

So, the community basically controls it because we are still able to own/control the software and participate in network consensus without restriction. Though I think we should make it easier for everyone to fully participate in  activities in the whole network.

Well, you're right, that is how it's expected to be. When something is free you're going to see people doing all sort of things with it. In bitcoin you're free to do whatever you want to do, there are those who have decided that they will be using it for bad purposes and there are also those that are using it for good, just because they want some privacy and they like the fact that sending and receiving money internationally will cost them less and will also be quick.

But don't forget that despite this market/community is a free one, it still doesn't mean that those who commit crime with it can't be brought to justice. So, many of them has been brought to justice already. It means market can be free but to keep the basic moral, we must need to obey certain set of rules so that everyone will keep their limit without breaching into others' freedom. In my opinion, people are already enjoying enough freedom regardless of their financial status hence a free market cannot be their most prioritized one.

This is what the government thinks .

They cannot let people possess something that might give them the power of free will , but I would like to state some points here :

• Why only 10% Bitcoins and cryptocurrencies are engaged in bad activities ?

• Why are we forgetting that Bitcoins are semi-transparent, one can very easily store all the information online forever , which can be check again by anyone.

•Making the market and people free is not necessarily a bad thing , only 0.7% of people are behind bars , now let's multiply it by 10 because we know how less the real victim gets convicted , then again we will get 7% ! That's less man , other 93% of the people will use this opportunity to fight against the government oppression and Corruption.

•When we are talking about the super high prices , why do you feel that it's not good for us ?
One can always purchase Bitcoins in any fraction possible , therefore it's not like it would be a problem for you or anyone else , it would only help the people who are engaged in Bitcoins since the starting , even traders would be able to take advantage of this opportunity.

•I do believe that it was created not as a form of payment for a little cup of coffee , but rather for the big transactions mainly and investment ofcourse. (Trading is +1 with the volatility)

In theory and in principle, I agree. But every time someone talks about free markets and free people, I keep bringing up the point that not all people are equal, with not equal wealth and not equal opportunity. Such is the reason Bitcoin tried to kickstart that opportunity for all people, but of course, those with money are the ones who got to it first.

Bitcoin isn't perfect but we need every now and then some great equalizer to bring everything back down to equal level.