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Absolutely no idea why this is being down-voted, given the grandparent gave all the evidence required to support this argument.
by voodootrucker 7y ago
Absolutely no idea why this is being down-voted, given the grandparent gave all the evidence required to support this argument.
- TomMckenny 7y agoThe article explicitly warns of that sort of confirmation bias. In particular, it points out that the free market had already failed the people in the community. The remedy, essentially government financial incentives to business, was the only thing that made enterprise possible. But since the whole system innately runs at a loss for the comunity, a harsh future reckoning arises. So it points to a possible deep flaw in our economic system and underling assumptions that simple theories obviously do not explain. After all, one should believe the simplest working explanation, but certainly no simpler. The complete confidence in completely unfettered markets is apparently overly simplistic. Likewise, some forms of business incentives are counter productive.