Voluntary Markets

May 21, 2009

A free market is a place where people are free to make decisions.  Many interpret free as no checks and balances on conduct.  I prefer voluntary market. In a voluntary market,  mutually beneficial trades are made between willing parties.

Voluntary markets have two checks and balances on conduct that are more powerful than any government prescribed accountability.

The first check is willingness.  People are not willing to trade with those who do not provide good value in return.

The second check is competition.  If you don’t provide good value, competition will.  Both of these checks erode the power of the unsavory in a voluntary market.

In a free market power is accumulated by giving people good value.  I say all the power to the people who do that.  Unsavory people rise to power by other means.

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