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I'm not sure most people on any side of this debate would agree with that assessment. IMO the more important disagreement is whether or not laissez-faire econom
by rebuilder 7y ago
I'm not sure most people on any side of this debate would agree with that assessment. IMO the more important disagreement is whether or not laissez-faire economics (for lack of a better term) will yield the best results for the most people, or whether some systemic inequalities exist that could be remedied to yield an overall increase in welfare.
- CuriousSkeptic 7y agoDoes laissez-faire involve tax financed institutions such as a monopoly on violence to uphold a commonly decided rule of law, or would even such institutions be determined by the market? More to the point, who even decides the definition of “property” in a laissez-faire economy?