From: Matthew James Gering <mgering@ecosystems.net>
Date: Mon, 5 Oct 1998 01:34:23 +0800
To: "Cypherpunks (E-mail)" <cypherpunks@cyberpass.net>
Subject: RE: Another question about free-markets...
Message-ID: <33CCFE438B9DD01192E800A024C84A193A7A16@mossbay.chaffeyhomes.com>
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Jim Choate wrote:
> Now in a free-market, by definition, there is no law.

A free market is not the absence of law (that is anarchy), a free market
is the absence of government intervention in trade and commerce.

That does not mean people and businesses are immune from criminal law,
fraud statutes, civil liability, etc.

> If this includes lying, denying consumers information,

The market addresses information disclosure by favoring vendors that
disclose. The legal system addresses intentional misinformation.

You are confusing Laissez Faire [free market] Capitalism with
Anarcho-Capitalism.

	Matt