There's no such thing as a free market. It's never existed, we just say something is "free" because it's more free relative to North Korea or something.
If you want to a truly free market, like in the labour market, everyone gets to come to your country and compete with no restriction. I can't find it with a 30 second google search, but I specifically remember someone doing an evaluation on fully open borders for the US and the effect on wages. GDP would go up by a lot, the newcomers wages would go up by 200+%... but the natives would have theirs crushed by 40%, because Pajeets would come in an bid the labour prices down just to get the job, because minimum wage for them is still like 4x what they make at home.
We don't have a free labour market in Canada, nor should we, at least relative to the outside world. Say what you want about unions, but in countries with high rates of immigration, they're necessary to insulate workers against literal labour dumping by restricting the supply to protect themselves. The US has comparatively less union participation, but they also have more restrictive immigration.
In short, wages are politically determined.
Whats the 3rd alternative?
Fascism. Not that I am advocating for the return to National Socialism, but the fact that there are different flavors of third position economics means there are different ways to think about how to make the economy subordinate to the populace, rather than the other way around as it is becoming now for everyone but the outright winners.
Case and point: The market capture and rent seeking of the telecoms that makes for a huge ripoff. You use the power of the state to say "fuck you, you're not going to rip people off by being uncompetitive, reduce your rates or have your shit taken away." You could do the same thing for housing in some respects, as Singapore did with their housing. There's opportunity to make money, but a certain portion is walled off from the free market (international finance, specifically) because its purpose is to house the population, not act as an investment vehicle.
I admit that it's unrealistic to do so currently, because most of the people running the country are traitors and cowards, so they would rather sell the country out than grow some balls.
There's no such thing as a free market. It's never existed, we just say something is "free" because it's more free relative to North Korea or something.
If you want to a truly free market, like in the labour market, everyone gets to come to your country and compete with no restriction. I can't find it with a 30 second google search, but I specifically remember someone doing an evaluation on fully open borders for the US and the effect on wages. GDP would go up by a lot, the newcomers wages would go up by 200+%... but the natives would have theirs crushed by 40%, because Pajeets would come in an bid the labour prices down just to get the job, because minimum wage for them is still like 4x what they make at home.
We don't have a free labour market in Canada, nor should we, at least relative to the outside world. Say what you want about unions, but in countries with high rates of immigration, they're necessary to insulate workers against literal labour dumping by restricting the supply to protect themselves. The US has comparatively less union participation, but they also have more restrictive immigration.
In short, wages are politically determined.
Whats the 3rd alternative?
Fascism. Not that I am advocating for the return to National Socialism, but the fact that there are different flavors of third position economics means there are different ways to think about how to make the economy subordinate to the populace, rather than the other way around as it is becoming now for everyone but the outright winners.
Case and point: The market capture and rent seeking of the telecoms that makes for a huge ripoff. You use the power of the state to say "fuck you, you're not going to rip people off by being uncompetitive, reduce your rates or have your shit taken away."
I admit that it's unrealistic to do so currently, because most of the people running the country are traitors and cowards, so they would rather sell the country out than grow some balls.