Michael Hudson vs Market Fundamentalist Debate: Are Markets Free?

When capitalists call “the free markets” free, what do they really mean? How can free markets be free when under capitalism they operate under state control? This is an interesting debate between Michael Hudson, one of the best non-Marxian economists in the world, and Dr. Jeffrey Miron, a market fundamentalist. Notice at the beginning of the debate the market fundamentalist does not want to use the term “capitalism” to define the economy. We wonder why?

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