Free Market
Th e mere concept of voluntary exchange, that is, transaction in which two parties trade goods or services for money, based on supply and demand, is totally normal and healthy. However, free market (or laissez-faire Capitalism) is also an economic system with little or no government control. Many people want this, as they want maximum freedom and unrestrained moneymaking. Yet the results are price gouging (unlimited overcharging), providing harmful products or services, and selling products or services inappropriate for the individual. Pure, uninhibited free market economies are generally banned. For example, charging a person who is dying of thirst a million dollars for a bottle of water, selling deadly Fentanyl over the counter at drugstores, or doing big business with small children. Although those harms are curtailed, there is still plenty of harm among our current business practices. Note the following: Gambling casinos rob many of their life savings, also ruining whole...