Hayek didn't defend unfettered markets. Nor are we suffering the consequences of them, as it actually comes to be that the State as a whole, regardless of names and flags, hampers or outright forbids any other alternative to the current banking, monetary and labor market model. Were markets unfettered, there'd be competition. Were markets unfettered, tariffs would be a sad souvenir from a wretched past and not an up-to-date situation which starves millions. However, I've said I would try not to hijack this thread. A discussion can be lead either privately or in another thread, in a more fitting subforum.
|