In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand.
Such markets, as modeled, operate without the intervention of the government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by employing various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants.
Why does every social media platform seem to get worse over time? This week’s On the Media explores an expansive theory on how we lost a better version of the internet and the systems that insulate Big Digital from competition. Plus, some solutions for fixing the World Wide Web.
https://podcasts.apple.com/us/podcast/on-the-media/id73330715?i=1000659…