Yes! This is a common point of view among American business people who have been out of college longer than they care to admit. It's not just something I came up with on my own. It's a relatively free market, compared to other alternatives. A true free market in the purest sense probably doesn't exist anywhere, as Balbus said, so why do working business professionals need a term for it? We don't talk about things that aren't real.
But what Balbus is pointing out is that the currant robber barons are exploiting that use of the term free market to their own ends. They are claiming that all regulation is bad because it hurts the "little" people, when in reality most of the regulation is put in place to protect those very "little" people. So any time a regulation can be shown to hurt the small businessman, or consumer, etc...it is used as an example for the elimination of all regulations, good or bad. This is basically the argument used to promote private schools. Since public schools are regulated, and some public schools are under performers, it is obvious that regulations lead to poorly performing schools. Therefore, deregulate the schools and allow a completely free educational market and all will be well as the bad schools will not be in demand, (and we'll make some money in the bargain). It doesn't matter that it doesn't work as schools always have to deal with the human factor, not widgets.
This is obviously true. It kind of reminds me of the time when they first started trying to sell the public on the concept of trickle down economics.
Thank you MeAgain, I thought I wasn’t explaining myself properly. Karen What I’m saying is if people like you say they support the ‘free market’ when they actually mean the regulated mixed economy it allows an in to the neo-liberal free marketeers who are actually are the enemies of the regulated mixed economy. In politics words are important and some in politics will try and use words to bamboozle people – ‘free’ ‘freedom’ and ‘liberty’ are all words that are often used to bamboozle the unwary and should ring alarm bells whenever uttered as slogans in politics. For example in the UK one of the ways the neo-liberal right is trying to break up the old education system and opening it to ‘market’ forces is by introducing so called ‘Free Schools’ of course they are not ‘free’ they are just outside the normal local education system and are directly responsible to the central government . The ‘free school’ model was based on a Swedish one that as stated above hasn’t worked out well, with a drop in performance levels and richer parents gaming the system to advantage their children, bringing about greater social inequality. Some may lament how words get abused or their meaning twisted and changed but the problem is that happens and the only thing people who notice it happening can do is point it out and try and get people to understand that it is happening.