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Yet another addition to my list of Matthew Effect examples and how this effect may be enemy number one, undermining entirely the notion that an unregulated free
by eevilspock 11y ago
Yet another addition to my list of Matthew Effect examples and how this effect may be enemy number one, undermining entirely the notion that an unregulated free market produces a level-playing field and a meritocracy.
- brc 11y ago1) There are no 'unregulated free markets' 2) Nobody -ever- has said that an 'unregulated free market produces a level playing field and a meritocracy' The facts are that a regulated and controlled market with freedom of economic action produces the best outcomes for a population as a whole, when measured in life expectancy, social mobility and and even environmental cleanliness. Every other system that has been tried produces far worse outcomes across all these measures. There's a persistent adolescent thought pattern running these days which says something like 'free market? Huh? Where's my lamborghini? I got nuthin' but student debt and no job' This kind of thinking should be avoided in order to make progress on the topic.