MLM Directory - What would happen if the entire world became a free market tomorrow?

What would happen if the entire world became a free market tomorrow?

Economists: think of this as a thought experiment. What would happen if the entire world became a free market tomorrow? No borders, tariffs, etc...

There would be no need for the FDA for sure.....................
Even the most liberal economist like milton freedman, acknowledges that some gov. intervention is beneficial to any society/country. If the entire world became free-traded, monopolies would arise, the next day, from every sector in the economy. Prices will rise to a ridiculous amount. and I think slavery will be legal again.