A Quote by Ha-Joon Chang
There is no such thing as a free market.
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My father always said 'There's no free lunch.' My father was right. There's no free lunch and there's no free market. The market is rigged, the market is always rigged, and the rigging is in favour of the people who run the market. That's what the market is. It's a bent casino. The house always wins.
This is the marketplace of political ideas. This is how America operates. It's a free market. It's free-wheeling. From the outside, it looks unpredictable. There's a circus-like free market.
The free market doesn't exist. Every market has some rules and boundaries that restrict freedom of choice. A market looks free only because we so unconditionally accept its underlying restrictions that we fail to see them.
There can never be such a thing as a free market, because it is human nature to cheat, monopolize, and buy off others so as to corner the market.
There is not one grain of anything in the world that is sold in the free market. Not one. The only place you see a free market is in the speeches of politicians.
There's no limit to what free men and free women in a free market with free enterprise can accomplish when people are free to follow their dream.
We want a free market, but we know that the paradox of a 'free' market is that sometimes you have to intervene. You have to make sure it's not the law of the jungle but the laws of democracy that works.
When people criticize the free market, they are usually complaining about what happens when you intervene in the free market.
I'm a free market person, a free trader. But if we had a market in California, there would be competition.
I had to abandon free market principles in order to save the free market system.
We live in a capitalistic society, don't we? Our country is based on the idea of the free market. Why not incorporate that free-market ideal into your career as a mixed martial artist?
We no longer have a free market in the United States, we have a government controlled free market.
There's not a single country that actually approaches economics in a pure, free market, capitalist way. I like the free market - but it very much exists only in textbooks. If I had a choice, and we could live in a very pure world, I would be a supporter of the free markets.
It is not true at all that a free market will ensure a democracy. It doesn't. There must be a balance between a free market and some regulations which are essential in order to safeguard the interests of consumers and of people in general.
We can't leave everything to the free market. In fact, climate change is, I would argue, the greatest single free-market failure. This is what happens when you don't regulate corporations and you allow them to treat the atmosphere as an open sewer.
People think the free market is a philosophy, they think that it is a creed. It is none of those things. Free market is a bathroom scale, it is a measuring tape, it's simply a measurement.
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