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4. What evidence does the author give that "the free market doesn't exist?

Ask by Kelly Riley. in the United States
Mar 08,2025

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The author provides evidence of market failures, government interventions, economic inequality, information asymmetry, historical examples of failed free markets, and the influence of large corporations to argue that a true free market does not exist.

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The author points out how the concept of a pure free market is more of an ideal than a reality, highlighting examples like government interventions, subsidies, and regulations that shape market outcomes. These interventions often create imbalances, suggesting that perfect competition and total freedom are more fiction than fact, as stakeholders navigate a tangled web of rules and influences. Furthermore, the author discusses the role of monopolies and oligopolies, where a few players dominate the market, suppressing competition. This concentration of power can lead to price manipulation and reduced choices for consumers, further emphasizing that what we often refer to as a "free market" is, in fact, a complex interplay of power dynamics and dependencies that don’t allow for true freedom of choice.

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