A Quote by Ha-Joon Chang
It is impossible to objectively define how free a market is. This is a political definition. Government is always involved, and those free marketers are as politically motivated as anyone.
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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.
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.
When you have a perfect free market, it's difficult to predict the future. But when you have a market that is disturbed by government manipulations and money-printing, it's impossible to make any predictions.
People are terrified to be set free - they hold on to their chains. They fight anyone who tries to break those chains. It's their security... How can they expect me or anyone else to set them free if they don't really want to be free?
How can I set free anyone who doesn't have the guts to stand up alone and declare his own freedom? I think it's a lie - people claim they want to be free - everybody insists that freedom is what they want the most, the most sacred and precious thing a man can possess. But that's bullshit! People are terrified to be set free - they hold on to their chains. They fight anyone who tries to break those chains. It's their securityHow can they expect me or anyone else to set them free if they don't really want to be free?
We no longer have a free market in the United States, we have a government controlled free market.
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.
To condemn free-market capitalism because of anything going on today makes no sense. There is no evidence that capitalism exists today. We are deeply involved in an interventionist-planned economy that allows major benefits to accrue to the politically connected of both political parties. One may condemn the fraud and the current system, but it must be called by its proper names ? Keynesian inflationism, interventionism, and corporatism.
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.
Beginning with the stimulus, Obama has repeatedly inserted the government into the free market for political reasons - and with disastrous results.
A free culture supports and protects creators and innovators. It does this directly by granting intellectual property rights. But it does so indirectly by limiting the reach of those rights, to guarantee that follow-on creators and innovators remain as free as possible from the control of the past. A free culture is not a culture without property, just as a free market is not a market in which everything is free. The opposite of a free culture is a "permission culture" -- a culture in which creators get to create only with the permission of the powerful, or of creators from the past.
The history of capitalism has been so totally re-written that many people in the rich world do not perceive the historical double standards involved in recommending free trade and free market to developing countries.
I'd like to talk about free markets. Information in the computer age is the last genuine free market left on earth except those free markets where indigenous people are still surviving. And that's basically becoming limited.
Overcoming the myth that there is such a thing as an objectively defined 'free market' is the first step towards understanding capitalism.
Political freedom cannot exist without economic freedom; a free mind and a free market are corollaries.
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.
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