Free market economy

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There's a lot of silliness said about the free market economy -- among both the detractors and defenders! If you want the straight dope, though, you're at the right place.

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For better or worse, free market has been the dominant form of economic system throughout the world for the better part of the last three hundred years. Although the free market as a concept dates back to the days of Adam Smith, in practice its origins are much older. Free markets have paved the way for global economic integration, contributing significantly to greater international trade and greater standards of living through the influence of bodies such as the WTO, World Bank and IMF. However, free markets have their fair share of opponents as well- since the late 90s, numerous anti-globalisation protests have taken place on the eve of important trade and economic summits. What we have to figure out- "If not free market, then what?"

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