What is one negative feature of free market economy?

Answer 1

No one is really in charge, so it's insecure and uncertain.

Answer 2

Defining "free market"

It's in the definition that it no longer can be a free market.

Free is a relative term. Free relative to what?

The government didn't shoot; therefore, we are free?

I can buy anything I want if it exists; therefore, am I free to buy?

I must use credit derived from the Federal Reserve System though...

Answer 3

The very basic problem with a free market economy is that it is based on Greed and not Need.

"Free-trade agreements" :-

they are usually far, far from that: the bigger country gets open access and often even more market-share without the smaller country getting commensurate treatment and markets in the bigger country.

"Level-playing field":-

There is no such thing: in a free market economy the stronger economy tilts the playing field in its favour and ensures that the weaker is playing up a slope or kicking into the wind, together with an umpire biased against it.

An example of this is the FTA between Australia and the US for food to/from Australia:

The US among others such as New Zealand want free rein to import food into Australia , regardless of the fact that apples from NZ and US have fireblight, which Australia has kept out through strict quarantine measures but which they demand to import regardless of Inquiry findings that it is deletorious to Australia's interests.

A free market economy is based on a 'win/lose' profit-at-all-costs philosophy, not a 'win/win' perhaps even partly-philanthropic philosophy.

Answer 4

I don’t think true free-market economies ever exist, as the state always plays a role in influencing economic activities. The problems with all forms of capitalism include: inequality, poverty, exploitation, artificial shortages, dangerous goods and workplaces, etc.

Answer 5

What is the major weakness of the free market economy?"