3 ms·
A market's degree of freedom and your ability to not participate are orthogonal. There are plenty of markets you cannot pragmatically opt out of, e.g. food and
by jakelazaroff 8y ago
A market's degree of freedom and your ability to not participate are orthogonal. There are plenty of markets you cannot pragmatically opt out of, e.g. food and real estate.
- munk-a 8y agoIn the food and real estate market are there three companies that have formed an oligopoly on any transactions within the market? I don't disagree that some goods are inelastic and still can have robust free markets (see bottled water) but the credit score market is not one of them.
- conanbatt 8y agoI disagree with this interpretation. Nobody can force-feed you, and you have the capacity to make your own food given the extreme. Real estate you can divide in housing and land. Housing is a free market, you can make your own shelter if you wish. You would have a point for land, it is not a free market.