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Do we really want markets to have a free hand in everything? Historically this has not turned out well. I can't really think of a historical example of a truly
by zzzzzzzza 10y ago
Do we really want markets to have a free hand in everything? Historically this has not turned out well.
I can't really think of a historical example of a truly free market outside of black markets or maybe for a short period of time, failed states. Historically, "freer" markets have dramatically outperformed planned economies. It is better in most cases (outside of obvious e.g. environmental externalities) for individuals to decide what is best for themselves than for the subset of the population that is politically active to come to some plurality decision about what everyone else should value.
Essentially I disagree somewhat on the deciding things as a community (we should avoid doing that whenever possible), although that's fairly vague. Having said all of that I would vouch for common sense stuff e.g. progressive taxation. America would look a lot different if capital gains were taxed at same rate as income; I would say that's more of a re allocation of market intervention than an increase in market intervention.