America doesn't have a free market - there are too many regulations and laws around it for it to be so.
Look at Bell for an example of how it absolutely isn't a free market.
Look at Bell for an example of how it absolutely isn't a free market.
Free market economics is something you learn on the first day of economic theory. But then you very quickly learn that they don't actually exist or if they did exist would be very bad for us (due to high external costs etc.) In what market do consumers really have perfect knowledge? Which markets really have no barriers to entry? Some economists argue that the existence of marketing and advertising immediately defeats any hope of a free market.