Free Market - Misconceptions

Misconceptions

Some advocates of free market ideologies have criticized mainstream conceptions of the free market, arguing that a truly free market would not resemble the modern-day capitalist economy. For example, contemporary mutualist Kevin Carson argues in favor of "free market anti-capitalism." Carson has stated that "From Smith to Ricardo and Mill, classical liberalism was a revolutionary doctrine that attacked the privileges of the great landlords and the mercantile interests. Today, we see vulgar libertarians perverting ‘free market’ rhetoric to defend the contemporary institution that most closely resembles, in terms of power and privilege, the landed oligarchies and mercantilists of the Old Regime: the giant corporation."

Carson believes that a true free market society would be " world in which... land and property widely distributed, capital freely available to laborers through mutual banks, productive technology freely available in every country without patents, and every people free to develop locally without colonial robbery..."

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