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We don't regulate "things the free market doesn't deal with well", we regulate "things the politicians can get votes and/or fat donations out of regulating.
by hugh4 11y ago
We don't regulate "things the free market doesn't deal with well", we regulate "things the politicians can get votes and/or fat donations out of regulating.
- eropple 11y agoSo are you arguing that regulations do not exist to address market failures?
- GFK_of_xmaspast 11y agoIt it impossible to consider the possibility that a free market can fail.
- hugh4 11y agoIf you define "market failure" as "failure of the market to be sufficiently biased in favour of politically important constituencies", perhaps.