>Free market: and ideological stance where markets are without government intervention
no, markets without government intervention are called "laissez-faire" markets. There would be no need for that term if that's what free market meant.
no, markets without government intervention are called "laissez-faire" markets. There would be no need for that term if that's what free market meant.
I'm not following here: are you suggesting that given any two different words, it is impossible for them to refer to the same thing or mean the same thing?
There'd always been a belief in early capitalists that an unregulated market would be inherently self-regulating from competition, in a way that allowed for competition, and yeah, well, I would emphasise the word "belief" in that.
I once met a theologian who had done their PhD on the language used by a politically powerful neoliberal group in their writings on the market and came to the conclusion that it was primarily the language of faith, not the language of science.
Shit, even Hayek opposed laissez-faire markets in some areas.