Comment Go back to Adam Smith (Score 1) 277
Classical liberal economics state 3 very simple conditions for a free market to work:
1. People are rational
2. People are free to choose what to buy, and who to buy from
3. They have perfect information
There are many reasons each of those conditions need gov't help not to be annihilated:
1. People are not that rational when it comes to health and death, or when they are addicted.
2. Monopolies. 'nuff said.
3. False advertising, misrepresenting investment risks, deliberately fucking up accounting, astroturfing,