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Is a Black Market a Free Market?

triangle.128k
Posts: 4,669
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6/9/2017 11:12:49 PM
Posted: 5 months ago
At 6/7/2017 6:37:40 AM, reece wrote:
Thoughts?

A free market requires legal boundaries to sustain itself, whereas a black market is more of an "anarchy market." Nobody in favor of a free market would not call for limitations against the heavily immoral actions that occur in the black market.
reece
Posts: 425
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6/13/2017 1:57:42 AM
Posted: 5 months ago
At 6/9/2017 11:12:49 PM, triangle.128k wrote:
At 6/7/2017 6:37:40 AM, reece wrote:
Thoughts?

A free market requires legal boundaries to sustain itself, whereas a black market is more of an "anarchy market." Nobody in favor of a free market would not call for limitations against the heavily immoral actions that occur in the black market.

Would an 'anarcho-market' fall under anarcho-capitalism?
triangle.128k
Posts: 4,669
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6/21/2017 9:25:49 PM
Posted: 5 months ago
At 6/13/2017 1:57:42 AM, reece wrote:
At 6/9/2017 11:12:49 PM, triangle.128k wrote:
At 6/7/2017 6:37:40 AM, reece wrote:
Thoughts?

A free market requires legal boundaries to sustain itself, whereas a black market is more of an "anarchy market." Nobody in favor of a free market would not call for limitations against the heavily immoral actions that occur in the black market.

Would an 'anarcho-market' fall under anarcho-capitalism?

Depends on what you define as an "anarcho market."
reece
Posts: 425
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6/22/2017 1:54:49 AM
Posted: 5 months ago
At 6/21/2017 9:25:49 PM, triangle.128k wrote:
At 6/13/2017 1:57:42 AM, reece wrote:
At 6/9/2017 11:12:49 PM, triangle.128k wrote:
At 6/7/2017 6:37:40 AM, reece wrote:
Thoughts?

A free market requires legal boundaries to sustain itself, whereas a black market is more of an "anarchy market." Nobody in favor of a free market would not call for limitations against the heavily immoral actions that occur in the black market.

Would an 'anarcho-market' fall under anarcho-capitalism?

Depends on what you define as an "anarcho market."

The Somalian market
Liam_0o
Posts: 1
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7/3/2017 6:06:11 PM
Posted: 4 months ago
At 6/7/2017 6:37:40 AM, reece wrote:
Thoughts?

Kind of. It has no restrictions on business, but also no law. It is anarchy in a sense.
dc0404
Posts: 287
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8/5/2017 7:23:20 PM
Posted: 3 months ago
At 6/7/2017 6:37:40 AM, reece wrote:
Thoughts?

There can be good things associated with a black market or "shadow system" in the provision of any good or service. If government is so overreaching, onerous, while regulating everything, it is possible for this to be so much so that it is not good for the well being of people. In this case, I would not have an issue with a black market breaking out for the provision of whatever is being overrun by a government, whether healthcare, provision of food and water, entertainment, almost doesn't matter.

DC
Tradesecret2
Posts: 340
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8/12/2017 5:05:50 AM
Posted: 3 months ago
At 6/7/2017 6:37:40 AM, reece wrote:
Thoughts?

Free market must be contained within the framework of a legal system. Contracts must be able to be enforced fairly and justly if they are breached. A black market by its very nature is antithetical to a lawful enforcement of a contract.

Black markets often suggest that they are free - in the sense that governments don't tell them what to do and they are not taxed. But a free market is more than simply being "free" from government regulation and free from Government interference.

It also contains the very basic freedom that a contract will be honoured and lawfully upheld in the matter that it is breached.

Therefore whatever kind of market a black market is - it by definition cannot be a free market.