Jacob Michael Muller
Yeah. Brian has failed to define free market for me.
in the past.
he just kind of dances around it
First time I asked he said it is a society without a state.
But then his definition of state.
I dunno. I already told him and he was like well whatever.
For me, a free market is one that doesn't have any intervention that hurts competition in any form.
but im sure you will find faults in that
Reginald Livingston
11:29pm
Reginald Livingston
so if there are two firms in a town, and one of those firms is able to provide a great service at such a low cost that it drives the other firm out of business, leaving only one firm
is that not a free market anymore?
Jacob Michael Muller
11:29pm
Jacob Michael Muller
there was no intervention.
so sure, it is free market.
Reginald Livingston
11:30pm
Reginald Livingston
intervention means what
Jacob Michael Muller
11:32pm
Jacob Michael Muller
law enforcement. So what I'm saying is as long as one firm drives the other out of business because of market forces and not by use of the law then it is free market.
Reginald Livingston
11:32pm
Reginald Livingston
and what is the law?
Jacob Michael Muller
11:33pm
Jacob Michael Muller
property norms and laws against fraud
Reginald Livingston
11:33pm
Reginald Livingston
and who decides the laws?
Jacob Michael Muller
11:35pm
Jacob Michael Muller
entrepreneurs who practice various legal theories in order to meet demand for conflict resolution.
Reginald Livingston
11:36pm
Reginald Livingston
so if there is a demand for conflict resolution, and entrepreneurs are supplying it, wouldn't that make it part of the market?
Jacob Michael Muller
11:38pm
Jacob Michael Muller
r u saying that legal enforcement is not intervention if it is part of the market?
Reginald Livingston
11:40pm
Reginald Livingston
no, I'm asking if your definition of law provision causes it to be a market activity
Jacob Michael Muller
11:40pm
Jacob Michael Muller
oh yes
Reginald Livingston
11:41pm
Reginald Livingston
"law enforcement. So what I'm saying is as long as one firm drives the other out of business because of market forces and not by use of the law then it is free market."
we need to differentiate between market forces and law now
Jacob Michael Muller
11:42pm
Jacob Michael Muller
damn
that's kind of trippy