4 ms·
If its bad, it never is.
by honestoHeminway 9y ago
If its bad, it never is.
- danharaj 9y agoA market is a market, whether it's distorted or regulated or monopolized or captured or unhealthy. The fact that markets can behave poorly because they are embedded in the wider world is absolutely intrinsic to the concept of a market.
- emodendroket 9y agoYeah, I think it is a mistake to try and think about the market and the political environment as two separate spheres rather than deeply linked entities constantly influencing each other. There is no such thing as "free market" without a government creating the conditions for one, whether that means subsidizing flood insurance or creating a navy to force other countries to go along with free trade (a development largely coinciding with the rise of laissez-faire theory).