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Free Market
(redirected from Free-market capitalism)

    Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson 0.01 sec.
Free Market
A system of economics that minimizes government intervention and maximizes the role of the market. According to the theory of the free market, rational economic actors acting in their own self interest deal with information and price goods and services the most efficiently. Government regulations, trade barriers, and labor laws are generally thought to distort the market. Proponents of the free market argue that it provides the most opportunities for both consumers and producers by creating more jobs and allowing competition to decide what businesses are successful. Critics maintain that an unfettered free market concentrates wealth in the hands of a few, which is unsustainable in the long term. In practice, no country or jurisdiction has a completely free market. See also: Deregulation, Classical economics, Keynesian economics, Marxism, Monetarism, Chicago School, Austrian School.
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In the wake of the credit crunch, a poll for the BBC World Service has found widespread dissatisfaction with free-market capitalism, with only just over one in 10 of those questioned across 27 countries saying that it was working well.
What were lessons of falling wall? by The Journal (Newcastle, England)
An inherent weakness in free-market capitalism, as Henry Hazlitt once observed, is that it gives rise to fantastically complex chains of production, a spontaneous order that far exceeds the ability of any individual or committee to grasp in its entirety.
More Moore: Michael Moore, in his new movie Capitalism: A Love Story, ... by Scaliger, Charles / The New American
It appears that the fall of the Berlin Wall in 1989 may not have been the crushing victory for free-market capitalism that it seemed at the time -- particularly after the events of the last 12 months," said Doug Miller, chairman of polling firm GlobeScan which co-conducted the survey.
Concern over capitalism on Berlin Wall anniversary by AFP / AFP Global Edition
 
 
 
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