What is Nostr?
npub1d4l…8z5p
2025-01-10 23:57:36
in reply to nevent1q…0l8q

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> Free trade definition

Sure I agree, I would definitely call a nation with no tariffs and trade restrictions a free trade.

> Capitalism cannot exist if not in a free market

I strongly disagree. If I own a brick factory I decide which kinds of bricks we produce every year and how many of each type. I decide that according to how much profit I expect to make. I own the factory, I shape the economy. The government can place tariffs on brick import/export, but it is still up to me to decide what is profitable and what should be done. The tariffs are just a restriction which may as well be modelled as a different production/demand curve. Production limits also do not remove my freedom to decide what to do, but rather limit it in certain aspects. Minimum and maximum prices imposed by the government also do not affect my ability to choose what to do according to my expected returns, they just change the kinds of choices I will take. Taking different choices according to external influences is normal, otherwise the capitalist economy couldn't adapt to the market anyway.
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