Hayek asserts that the most free and efficient form of governance and law is a system that promotes capitalist competition. Why does he make this argument? In your opinion, to what extent is he correct or incorrect (i.e. is the only role of government and

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Hayek asserts that the most free and efficient form of governance and law is a system that promotes capitalist competition. Why does he make this argument? In your opinion, to what extent is he correct or incorrect (i.e. is the only role of government and law to promote competition)?

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