The 'marketplace of ideas' theory argues that truth is found where opinions intersect. It is the figurative arena in which all can share their opinions, subjecting them to rational, public debate. In the same way that quality goods and services rise to the top in a free market economy, so this theory sees ideas as subject to the same rigorous competition. Popular ideas are considered "truths" insofar as they rise on the back of reason. These truths are essential for society to progress. Does the marketplace of ideas work?
Yes, the marketplace of ideas works
The marketplace theory is now a pillar of first amendment jurisprudence. A laissez-faire marketplace of ideas is essential in any liberty-minded society.
The marketplace of ideas has a clear legal significance
The marketplace of ideas has been used in countless legal cases to defend free speech. The marketplace of ideas has impacted the rules by which we live.
The marketplace of ideas protects and sustains an intellectual oligopoly
An unregulated market of ideas disproportionately benefits a select few. In this way it supports social hierarchy and prevents those at the bottom from changing their circumstances.
