Topic: Does a True Free Market Require Lawlessness?
I was recently having a discussion with my friend about Free Market Capitalism. He's an ardent supporter of it and I'm not. Now I don't have anything against the idea in principle I just understand people well enough to know it would never work the way he (or most other supporters) would like.
One thought that came up durring the discussion was if you want a truly free market don't you have to make everything legal? If you have a market that's free of all regulation that would include what can and cannot be sold on that market. This would seem to require the legalization of all drugs since buying/selling them now falls under the free market and you can't reasonably charge someone for having/using something that is perfectly legal to buy. For example imagine if it were perfectly legal to buy or sell a car but you could face criminal charges for owning or operating it (doesn't really make sense). The same would go for weapons, without regulation any weapon can be bought or sold and therefore owned without penalty. Then there are services that could now be offered freely. Prostituiton, theft, and murder could all become legitimate businesses and again you can't say that a service can be offered and purchased but make it's use illegal (well you could but like I said makes no sense).
So if any good can be bought or sold, and any service can be offered and accepted, don't you have to make everything legal. That's at least how I see it that in a truly free market nothing's prohibitted and everything's legal.
This isn't meant as an attack on the idea it just came to me that if you take the Free Market concept to it's logical conclusion you end up with a society without any restriction what so ever.
Off Topic:
Another thought, age restrictions would go right out the window. We could have toddlers waltzing into liquor stores and the only thing keeping them from walking out (provided they have enough money) with a couple bottles of JD is whether or not the guy at the register personally has a problem with it.