4 ms·
Many already mentioned (at least partially) the fundamental flaws in the economic theory he bases his text on, and also his bad examples (completely ignoring yo
by Quanttek 9y ago
Many already mentioned (at least partially) the fundamental flaws in the economic theory he bases his text on, and also his bad examples (completely ignoring you could provide as many counterexamples of staet-funded innovation and private sector waste) but I just want to emphasize his quotes: Being so obsessed with trying to point out logical fallacies, they don't provide any proof or actual arguments for their side.
For example, the third quote literally provides zero evidence for the fact that the market's failures are primarily attributable to government intervention. Collective action theory alone points out how at least parts of the failures will be the market's.