Problems with a free market society?

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The discussion centers on key questions regarding the role of government in a free market economy. It examines how military expenditures should be funded and who bears the responsibility for national defense. The conversation also addresses the objectives of government and the potential conflicts that arise between government goals and free market principles. Participants explore whether a free economy is susceptible to cycles of boom and bust driven by greed, and whether a profit-maximizing society can sustain itself over the long term, given that short-term profits may compromise sustainability. Additionally, the necessity of public services in a free market context is questioned. The discussion emphasizes the importance of understanding constitutional powers related to government functions without reopening previous debates.
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rootX had some very interesting related questions about (ideal) free markets (run by real people) in the other thread:

1) How government should afford military expenditures? or Who should be responsible for the nation's defense?
2) What should be the government objectives?
3) What should be the course of action where government objectives and free market goals interfere?
4) Is free economy prone to more boom-busts (or greed)?
5) Will profit maximizing society be sustainable in the long run? Often, short term profit maximizing goals interfere with the long term sustainability.
Or, If free market can sustain itself in the long run?
6) Should there be any public services?

Will anyone try to answer them?
 
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Read our constitution concerning powers given to the government. And don't re-open a closed thread.
 

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