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All those good things like maximizing productivity, capital utilization etc are theory based on markets with perfect competition. How many "free markets" satisf

• wallace_f 9y ago
  Yea, exactly. But with effective regulation, we can get closer to perfect competition, or at least remedy the market failures that are inevitable. To go on a bit of a rant--ufortunately it appears the trend is going the other way with Big Gov allied with Big Business, out of control banking empires and MIC, made possible by never-ending low interest rates and easy money policies from the Fed that mask it all. Don't belive me? Real cost of living has increased to where 2 incomes are required for many to just keep their heads above water to afford what their parents had, despite more education and working longer hours. We have never ending wars, 26,000 bombs dropped last year, and the longest war in history and it was never even approved by congress. Our most popular media outlets tell us we need this so we have jobs[1]. 1-https://theintercept.com/2016/09/09/wolf-blitzer-is-worried-defense-contractors-will-lose-jobs-if-u-s-stops-arming-saudi-arabia/ https://theintercept.com/2016/09/09/wolf-blitzer-is-worried-...