this post was submitted on 25 Jun 2025
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I don't think that has ever been true, really. Nor should it be, Laissez Faire is a trainwreck waiting to happen, probably literally and figuratively.
Textbooks will tell you that the USA, and other countries like China and Russia, are a regulated "Market System" which in some markets teeters on strict Oligopoly.
it's only true in propaganda.