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Old 11-27-2019, 03:08 PM
 
Location: King County, WA
15,707 posts, read 6,417,039 times
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I'd say its the other way around. Free markets thrive when corruption is limited. So in that case yes, properly functioning free markets imply lower corruption.
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Old 11-27-2019, 05:09 PM
 
26,694 posts, read 14,497,711 times
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Quote:
Originally Posted by madison999 View Post
Gee I don't know, ask the mafia or any street gang, or any criminal.

We don't have free markets anyway.
Mafia and gangs aren’t free market!

Free market doesn’t mean you do whatever you want. The word “free” means you do whatever as long as it doesn’t hurt other people. It doesn’t mean what you think “free for all.”
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Old 11-27-2019, 05:12 PM
 
Location: Santa Monica
36,857 posts, read 17,272,285 times
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Quote:
Originally Posted by Frank DeForrest View Post
People are people. Free markets provide the means to deal with corruption
And if only we had free markets to sort it out.

Dare to dream.
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Old 11-27-2019, 10:23 PM
 
Location: Madison, WI
5,298 posts, read 2,339,284 times
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More regulation = more power over society = more damage done when those in power are corrupt... and corruption will always exist, unless we all become selfless angels.

I think there is less corruption in a free economy, but the more important point is that corruption is less dangerous. When you create this big powerful organization with permission to tell people what they can/can't do and decide where their money goes, the people in that organization can do a lot of harm at the expense of everyone else.

The more choice people have, the less corruption will affect them.
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Old 11-27-2019, 10:42 PM
 
Location: Chicago, IL
9,701 posts, read 5,091,426 times
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Quote:
Originally Posted by Motion View Post
Do you get more or less corruption with a less regulated economic system?
Technically yes. It's hard to call something corruption when there's no rules or oversight about what you're not allowed to do.
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Old 11-27-2019, 10:44 PM
 
Location: Chicago, IL
9,701 posts, read 5,091,426 times
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Quote:
Originally Posted by lifeexplorer View Post
Mafia and gangs aren’t free market!

Free market doesn’t mean you do whatever you want. The word “free” means you do whatever as long as it doesn’t hurt other people. It doesn’t mean what you think “free for all.”
No it doesn't. I want to dump chemicals in a my backyard, which leach into local water tables. How is the free market going to punish me for what I do on my own land?
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Old 11-27-2019, 10:54 PM
 
26,694 posts, read 14,497,711 times
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Quote:
Originally Posted by EddieB.Good View Post
No it doesn't. I want to dump chemicals in a my backyard, which leach into local water tables. How is the free market going to punish me for what I do on my own land?
It’s ridiculous to think free market = free to do harm.

Did you harm others in your action? If yes (like what you said here), you would be punished as such.

By polluting the water, you are violating other people’s freedom.
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Old 11-27-2019, 11:29 PM
 
Location: Chicago, IL
9,701 posts, read 5,091,426 times
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Quote:
Originally Posted by lifeexplorer View Post
It’s ridiculous to think free market = free to do harm.

Did you harm others in your action? If yes (like what you said here), you would be punished as such.

By polluting the water, you are violating other people’s freedom.
Again... How are you punishing me for what I do on my own land? How are you allowed to regulate what I can do on my private property?
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Old 11-28-2019, 12:56 AM
 
17,876 posts, read 15,807,891 times
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If it is free, than people are free to crony up with each other, trade on the inside with each other too.

Regulations, and enforcement is how you minimize corruption. You have to set clear limits.
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Old 11-28-2019, 01:08 AM
 
Location: Houston
26,979 posts, read 15,826,909 times
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Ask yourself why there is less prosperity and more corruption in colonies founded by Spain than England. The answer is Spain sold massive land grants and monopoly rights to a select few colonists. In the absence of relatively free markets corruption runs rampant.
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