>Free market is possible - the problem is that it is tool and not ideology. For it to work you need several conditions: 1. Relatively low barrier of entry 2. Non essential goods 3. Comoditization/semi comoditization of the products 4. Price, demand and supply elasticity
I don't see how all those are possible.
They presuposse a place where:
1) There is no government intervention.
2) Private interests play nice to each other and never take advantage of their position to skew the market.
That might happen temporarily in some sub-market (e.g cheap PCs in the 80s/90s) but it absolutely cannot happen in the overall market. Even something like "patents" and "copyright" is enough to fuck this up. Not to mention the issues of raw materials, infrastructure (roads, etc), foreign dependencies, etc.
Which is why Adam Smith has a big section in "The wealth of nations" where he talks about the absolute necessity of government regulation to ensure smooth operation of the market and the necessity of building absolute divisions between business and government.
Mysteriously absent from most politicians free market tirades.
I don't see how all those are possible.
They presuposse a place where:
1) There is no government intervention.
2) Private interests play nice to each other and never take advantage of their position to skew the market.
That might happen temporarily in some sub-market (e.g cheap PCs in the 80s/90s) but it absolutely cannot happen in the overall market. Even something like "patents" and "copyright" is enough to fuck this up. Not to mention the issues of raw materials, infrastructure (roads, etc), foreign dependencies, etc.