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Because you have zero risk bias. Faster economic development reduces overall risk of mortality more rapidly than lower rates, and there is good theoretical and
by aminok 10y ago
Because you have zero risk bias. Faster economic development reduces overall risk of mortality more rapidly than lower rates, and there is good theoretical and empirical reason to believe the unadulturated free market maximizes the rate of economic development. This holds true even if risk of starvation is not zero percent in an unadulterated free market.
- duaneb 10y agoUntil you exhaust your resources. Then you just die. The only thing a free market does perfectly is use resources as fast as humanly possible. Efficiently, of course. Why waste resource you can't profit from?
- aminok 10y agoEven resource conservation is done better in a free market, because it responds to anticipated future shortages by raising the current price of the commodity, leading to more responsible consumption.