QotD: The free market

"We don't need laws against discrimination. We need a free, competitive marketplace. Competition is better at punishing sexists, racists and "ageists" than clumsy laws. If a boss discriminated against, say, women, he would be demolished by a competitor who obtains better workers by hiring the women the first boss turned away. If an entire group of bosses turned women away, then men's wages would be bid up over women's, and a new competitor would defeat the discriminators by hiring only women."

John Stossel, "Whose business is it anyway?"