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>The free market crowd would argue The free market crowd lost all credibility after Enron, Worldcom, and the housing collapse. They had countless reasons why
by tw04 10y ago
>The free market crowd would argue
The free market crowd lost all credibility after Enron, Worldcom, and the housing collapse. They had countless reasons why the above scenarios wouldn't happen. Reality proved their theories to be the complete and utter BS any rational human being could see from the start. In a utopian society a lot of ideas are great, unfortunately we've got reality to deal with, not utopia.
- nilved 10y agoNone of those things happened in a free market
- Daishiman 10y agoYou never have free markets because even "free" markets exist in relation to other markets that tend towards natural monopolies or oligopolies, or are bound by states' strategic interests or other institutions that for multiple, completely logical reasons do not or cannot have free markets. So that friction will always exist.