Freedom in Free Market Capitalism

Economic freedom in the United States is equated with free market capitalism, allowing individuals to engage in commerce, establish businesses, and choose their employment freely. This system encourages freedom of contract, competition, profit, and private property, culminating in free enterprise. While appealing, this economic freedom poses complex questions regarding its boundaries, such as the potential for employer exploitation, environmental pollution, and the rights of workers to strike. The concept of economic freedom is framed as negative liberty, characterized by the absence of restrictions on individual actions, contrasting with more restrictive systems like socialism or communism that limit entrepreneurial initiatives.