I don't think black markets are free markets. Sure, they are not regulated. But the fact that they are underground means the state effects them, disrupting them when it can, and thus driving up prices.
Sadly we live in an unfree world.
I don't think black markets are free markets. Sure, they are not regulated. But the fact that they are underground means the state effects them, disrupting them when it can, and thus driving up prices.
Sadly we live in an unfree world.
Good point. I think that they are the closest thing though.
Correct. Remember the movie “The Third Man” (1949)