I cannot make an argument for the _free market_ because my knowledge about this theory is limited. I think price/value is determined by demand and supply, policies, etc in the free market. Even the concept of a free market is flawed because no market is free from eternal(internal) influence other than the price mechanism.

Steem is a different animal and like I always say it is not a perfect system but a workable one.

The flags where made to curtail spamming but like most things in this life, people have the habit of distorting the true purpose of a thing. Steem is just a tool, you and I and everyone who uses this blockchain define it, well, some a little more than others given their resources and influence on the blockchain, a typical example of how the real world works.

I think the basic idea of property right is being able to own and profit from a good/service, in the case of steem--your content. However, if this said service has no value or demand, should the one profit from it? Lol, I'm having headaches analyzing this. And I got a B in economics. I need to return that grade.

I do get your point and I agree with it, well partly, because like I said in this article _freedom_ is an illusion. And in a market place, there will be bad and good actors. At the end of the day, some form of regulation must be put in place to regulate their activities and steemians don't like rules.