3 ms·
The free market is not fair. It's just fairer than anything else we know of. It's not a meritocracy, just more meritorious than anything else we know of. If you
by merpnderp 8y ago
The free market is not fair. It's just fairer than anything else we know of. It's not a meritocracy, just more meritorious than anything else we know of. If you think things are bad when greedy people are pitted against each other, wait until greedy people are pitted against the average man, as they are in nearly every other economic system.
- ken 8y agoI wouldn't say it's the fairest thing we know, but it scales the best. A centralized market system could be extremely fair, if there's only 7 participants. With 7 billion, there's just no way. At a national or global level, we need decentralization. At smaller scales, we do use other systems. Within a company, essentially nobody uses a free market system.
- kiriakasis 8y agoThere is something to note here, the "free market" is a pretty wide term, goes from corporate anarchy to heavy regulations with everything in between. I agree that it is the right pattern to organize into as in "freedom for private enterprise to provide goods and services" but it not necessarily the right way to handle retirements funds. Overall I am quite far on the side of regulations, claiming that free market needs to be constantly beaten into shape to keep it a meritocracy. you could say that this is the free market greatest strength: private enterprise and public government can have a dynamic dialogue trough regulations often with an almost symmetric power structure (when things run smoothly).