Dec 23, 2012
Some thoughts on what it is that frightens people about the free market, based on my own experience. The fear of the market is often expressed in very abstract arguments about whether free markets would really work (if we had them) and what their relationship is to poverty etc. However, at an individual level, I believe people fear markets because of how vulnerable you can feel when taking part in voluntary exchange:
It's understandable to fear the free market. It can be scary to launch yourself into entrepreneurship, as well as being wonderful. However, some people project their personal fears of the market into abstract theories: they blame the market itself for the world's ills. That approach will prevent you from overcoming your fears and limit your potential.