How do you think a totally free market would work?

[ConcernedCitizen]

We all know how communism is supposed to work, and how it has worked or not worked in actual practice, but what about the other extreme? I don't think it's ever existed, but if it did, what would be the end result of a free market with no government restrictions or social programs of any kind? I have my own theory, and maybe I'll share it later, but first I want to hear from others, especially the conservatives striving for this "ideal" system. I really want to understand the appeal of it.
fr_chuck, you're right up to a point, but I very strongly disagree with your claim that that's what the liberals want. I live in Arizona, where more than half of the voters are Republicans. I know people from both parties, and the only ones extolling the virtues of a free market are the Republicans. They say anyone who wants to restrict it is a communist.
Maybe I should have said Republicans rather than conservatives from the start. Since the Reagan years, Republicans have been neoliberals rather than traditional conservatives (see link below), and by that definition I suppose you could say fr_chuck is right if he's talking about neoliberal Republicans. Most Democrats favor the minimum wage, health care benefits, and other restrictions on the free market.

http://en.wikipedia.org/wiki/Neoliberal
I think the Republican party's opposition to raising the minimum wage and their tax cuts for the rich speak for themselves, but in case some of you aren't convinced this is the goal of the Bush administration and its supporters, here are a few quotes:

"A free market promotes dreams and individuality.:
--George W. Bush
http://issues2000.org/George_W__Bush.htm

"Keeping America competitive requires us to open more markets for all that Americans make and grow. One out of every five factory jobs in America is related to global trade, and we want people everywhere to buy American. With open markets and a level playing field, no one can outproduce or outcompete the American worker."
-- George W. Bush

"The free market is the arbiter of what is the best for the consumer."
-- Rush Limbaugh
http://www.buildfreedom.com/tl/ffp02.shtml

"The basic idea of a free market is that the consumer and seller enter directly into mutually beneficial transactions."
--Ann Coulter
There's no need for me to describe my own theory, because it's what all of you have described. I was hoping to see an opposing view more eloquent than Hillary's, but even though a large percentage of the population seems to want this (since they support Bush), I have yet to find anyone who can defend it rationally.