The myth of the free market
The myth of the free market, perpetuated by those who benefit from its absence. The concept of a "free market" is often idealised as an economic system where competition flourishes, prices are determined by supply and demand, and individuals have equal opportunities to participate. However, this idealised vision obscures the reality that truly free markets are a myth. In practice, markets are heavily constrained by monopolies, rentier capitalism, and the concentration of wealth and power among a small elite. These forces restrict competition, distort prices, and exclude the majority of people from meaningful economic participation. Rather than being a neutral arena of exchange, the market is shaped by entrenched interests that limit its freedom and perpetuate inequality. One of the most significant barriers to free markets is the dominance of monopolies and oligopolies. Large corporations, through economies of scale, regulatory capture, and anti-competitive practices, stifle ...