Capitalism Quote by Ha-Joon Chang
“There is no such thing as a free market.”
About This Quote
The concept of a completely free market is a myth; all markets involve some regulation or intervention.
In simple terms: Free markets don’t exist.
Key Takeaway
Recognize market constraints.
Themes
economics
policy
market theory
Mood
analytical
critical
Type
economic
philosophical
When to use this quote
- government policy
- business strategy
- public debate
Key Concepts
regulation
intervention
economic reality
Questions to Reflect On
- What role should government play in markets?
- How do regulations affect innovation?
A Different Perspective
Some argue minimal regulation can approximate freedom.
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