Is it?
I think true free marketers are about fair competition, and few would argue that legislation is necessary.
Allowing one company to benefit by illegal behaviour distorts the market and thus goes against the principles of free markets.
I think true free marketers are about fair competition, and few would argue that legislation is necessary.
Allowing one company to benefit by illegal behaviour distorts the market and thus goes against the principles of free markets.
Exactly. Without legislation, the market is for sale.
> Allowing one company to benefit by illegal behaviour distorts the market and thus goes against the principles of free markets.
You've noticed the tautology at the heart of the ideology.
Fair competition is the ideal state for a market to be in, but a free market is about unrestricted competition and that can easily turn into monopolies or cabals.
Fair market value is a reference to what the market will bear, not what is or is not fair.