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> The lack of pricing in negative externalities. That is the root of all capitalist evil. There are lots of other kinds of market failures; markets diverge fro
by azernik 8y ago
> The lack of pricing in negative externalities. That is the root of all capitalist evil.
There are lots of other kinds of market failures; markets diverge from the Efficient Market Hypothesis in certain quite common conditions, markets can produce monopolies, etc.
And even without all of those failures, markets inherently attach an unconscionably disproportionate value to the desires of the wealthy unless a serious redistribution mechanism is layered on top of them.