"IMO "the state" is completely superfluous to the whole 'system'. The state offers its citizens nothing that a free market system cant better and for a lower cost."
Not a very well thought-out point of view. Is a free market system going to provide public schooling? How about welfare? Foreign defense? Laws? Law enforcement? Public roads? Public transportation? Health care?
You want to see why a free market system doesn't work? Look outside. If it weren't for the state, the market economy of the most wealthy, most powerful nation in the world would have crumbled overnight. The derivatives market went from next to nothing in 2001 to over $60 trillion by 2008. Do you understand how insanely irresponsible that is? $60 trillion is like the entire world's annual GDP. The money didn't exist. The whole market was being fueled by what was essentially a Ponzi scheme. That's what you get with a free market. Lehman Brothers, Goldman Sachs, Bernie Madoff -- it's all the same. They're trading money they don't have. It was always only a matter of time before it came crashing down, but hey: everyone got rich.
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