3 ms·
It’s not a market at all, because participation, realistically speaking, is involuntary for most sellers. It’s closer to a feudal contract than an actual market
by bongobongo 7y ago
It’s not a market at all, because participation, realistically speaking, is involuntary for most sellers. It’s closer to a feudal contract than an actual market.
- AtlasBarfed 7y agoI love it. Economists are in total denial about such things. EVERYTHING IS A MARKET RUBBER STAMP. Almost all of the US economy is a monopoly or cartel dominated by 1-3 corporations per segment.
- bongobongo 7y agoYep. Glad that there are at least a few people whose brains haven't been turned to mush by decades of propaganda and inflexible market fundamentalist orthodoxy.