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120: Ha-Joon Chang | South Korea's Greatest Economist

Curious Worldview

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Is There Such a Thing as Free Market?

People might think that the US is as close to a sort of free market, capitalist, utopia as they'd come. As soon as the FDA is involved, that's regulation, that's not free market at play. It's not just simply the equilibrium of demand and supply in every single domain. So could you explain maybe using the USA as an example why there is no such thing as a free market? That's a good way of doing it.

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