> On Sep 16, 12:56 pm, Ed earthlink.net> wrote:
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>> It seems to me that free market theories depend to a considerable
>> degree on the thesis that the state will enforce laws and contracts.
>> The unfortunate fact is that no state is completely efficient at this
>> task, and some states are abysmal.  As the size and economic  power of
>> a corporation increases it’s opportunities to “cheat” the system with
>> bribery, fraud, corruption and theft increase.  It is easier for
>> CitiBank to bribe a state legislator than it is for Joe’s Deli to do
>> so.  Where the corporation has more economic resources than the state
>> the situation is exacerbated as is the case in Africa in some
>> countries.

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>> Does any of this have any theoretical impact on free market theory?
>> If corruption is rampant and the state is unable or unwilling to ...