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How many times must it be demonstrated that "market forces" is not a silver bullet to every problem before people take the hint?
by catalogia 7y ago
How many times must it be demonstrated that "market forces" is not a silver bullet to every problem before people take the hint?
- dsr_ 7y agoMarket forces would work in this situation, if only the situation were different: - if there were an existing competitive market, that would help. - if there were a clear long-term market, that might inspire competition. But in this case, market forces caused the problem.
- catalogia 7y ago> X could solve Y if only Y were Z That's a nice hypothetical, but hardly helps these farmers. The real solution is America's most hated four letter word: regulation.
- deith 7y ago>Market forces would work in this situation, if only the situation were different That can be said every time the market fails to adjust itself.
- gitgudnubs 7y agoThis problem was created by regulation. It's not clear that markets can work when governments grant monopolies, and don't restrict the ensuing vertical integration. The only solution is to grant weaker monopolies.