17 Dec
2003
17 Dec
'03
11:17 p.m.
Jim Choate wrote:
Now in a free-market, by definition, there is no law.
A free market is not the absence of law (that is anarchy), a free market is the absence of government intervention in trade and commerce. That does not mean people and businesses are immune from criminal law, fraud statutes, civil liability, etc.
If this includes lying, denying consumers information,
The market addresses information disclosure by favoring vendors that disclose. The legal system addresses intentional misinformation. You are confusing Laissez Faire [free market] Capitalism with Anarcho-Capitalism. Matt