> For a free market to work, there must be common respect for individual autonomy.
That's why that utopia cannot work. Because individuals will always use the shortest and quickest way to get what they want at the expense of others. Anarchism and Communism have/had the same problem as for their simplistic understanding of human nature which can only lead to wrong the conclusions,and the wrong ideas,even though the thought that led to these conclusion might be genuine.
If a precondition states that ,in order for a system to work, people should "naturaly" respect this or that rule, well your system is broken at first place.
Mankind is about order and chaos,and balance between them.People cant regulate themself.Sometimes they accept order because it suits their interests and see the benefits,but during most of human history chaos "ruled".And there is no guarantee most of the order that led the "western civilization" will last.
> People must enter into contracts of their own free will.
Define free will. If someone cant understand all the consequences of his actions before taking a decision, that's not free will. And noone can get the entire picture, or that person would be god himself.
And who will enforce contractual obligations ?
These 2 preconditions in order for your system to work are metaphysical at best,I would consider them a lie,because they cannot be fufilled.
> People must enter into contracts of their own free will.
That requires a degree of abundance (so people can refuse to enter contracts) that makes competition obsolete.
As is, people are required to enter into contracts else they perish.
