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Many people cannot distinguish between the jungle law and the free market?
Jungle law: the one with the bigger fist wins, no rules, the weak can only be swallowed.
Jungle law is: I am strong, so I take your stuff.
The core is: relying on violence, monopoly, information crushing, and power suppression.
Jungle law worships strength.
Free market: everyone trades freely under a set of rules, relying on competition and choice to allocate resources.
Free market is: if you are willing, I am willing, we exchange.
The core is: voluntary transactions, private property rights, contract rules, fair competition, legal constraints.
Free market worships rules.
At this point, someone mentions giants like Samsung, Microsoft, Google, saying they are created within the free market.
But that actually is discussing: monopoly, tycoons, regulatory imbalance, the combination of power and capital, which is a different level of issue.
But regardless of whether giants appear later in the market, it does not affect that “free market” and “jungle law” are two completely different concepts.
Because the most fundamental difference between the two has never been “whether there are strong players,”
but: whether the strong must also obey the rules.
If power can override the rules, then the market will ultimately regress back into the jungle.