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In a free market economy, is government interference justified in business?

INTRODUCTION

Despite the fact that all the countries listed at the WTO take a vow of free trading practices and promise to allow everyone to come and trade in their respective lands, how to justify the bullying of USA against Iraq by pressurising other nations to stop trade with Iraq. Is it necessary to have a watchdog over our shoulders breathing down trade restrictions even if they mean putting a stopper on national development?

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The song is sung at both ends

The song is sung at both ends

Anish Chakraborty

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As a student of literature I may falter at jargon's but I hope a layman's view is always welcome. A free market economy as I understand works somewhat close to the Darwinian principle. The market may well flourish under this system it leaves out a part of the society where the demand of necessities will stumble if put at par with market norms. The system of subsidiaries and price roofs are to help the poor and also to stop hoarding.

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