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Well, if that is the case, the free market is a pureley theoretical concept, that is not realized anywhere in the world. And it cannot be realized, because ther
by maze-le 10y ago
Well, if that is the case, the free market is a pureley theoretical concept, that is not realized anywhere in the world. And it cannot be realized, because there is always inevitable some form of information assymetry.
- baq 10y agoeconomics 101 right here. free market is a theoretical model.
- coldpie 10y agoYes, precisely. Which is why you should immediately dismiss any politician masturbating about government interference in the "free market." Their premise starts in fantasy land and only gets worse from there.
- narag 10y agoSomething can be a theoretical concept and still useful. For politics you might want to favour transparency instead of obscurity. As an employee in software I've been working through intermediaries for a good part of my career, so obviously interested. I suspect that, at least in my country, it's more a matter of bad regulation than of information assymetry. But the mere fact that we're not sure which are the causes is in itself information assymetry.