Friday, October 19, 2007

The Right to a Free Market

One often hears of the right to free speech, press, and religion, yet we hear little of the right to a free market. While it may not be a Constitutionally-protected right, it does remain an inherent right. Necessary for an economically successful society and naturally occurring, a free market deserve equal status with free speech and other accepted rights.

When one purchases a product, the seller of goods gains more capital to improve the business, therefore adding a valuable service to society. For as the business develops, it must buy goods and services from other businesses as well as employ workers, resulting in numerous improved individuals, businesses and society as a whole. Individuals gain a variety of quality products with a large distribution as well as money from working for the business or one of the businesses it relies on for goods and services. Businesses gain more business as money flows with successive improvements by each business. Society, economically, gains from the interlocking success of numerous individuals and businesses. Hence, a free market is beneficial.

When any government creates and enforces regulations on the free market they impinge on the natural order of markets. This is illustrated by the rise of black markets to sell and purchase goods unavailable elsewhere. Regardless of legality, supply and demand with voluntary exchange create the free market–they are unavoidably occurring and consequentially natural.

As a free market is beneficial and–more importantly–naturally occurring, free markets should not be restricted by governments of any form. The free sale and purchase of any goods should be open in the equal sense that spoken and written word should not be censored.


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