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I don’t think there ever was an idea in economics that totally free and unregulated markets was a good thing. The most hard core free market proponents always s

by bsaul 8y ago

I don’t think there ever was an idea in economics that totally free and unregulated markets was a good thing. The most hard core free market proponents always said state should focus on the (minimal) sets of rules to let the market maintain fair competition between participants. That includes anti-monopoly and anti-cartel regulations.

fock 8y ago
Somehow those free market proponents did a really bad job.
- bsaul 8y ago
  One of the problem IMHO is that the concept of "market" in a global economy is very blurry. What is a monopoly in this context ? does having 99% market share in the US constitutes a monopoly if a chineese competitor has twice the number of users ? Are you going to dismantle google and amazon, only to see baidu and alibaba reap the market ?