4 ms·

Lol, the price of corn, or even oil, coal, and steel are constantly adjusted by gov policies. You've proven the opposite of your point - market price is politic

• bluGill 7y ago
  There is political intervention, but even that works in context of the market and so can only go so far.
  • thatcat 7y ago
    You could just as easily say it's the market that works in the context of politics, the market can only go so far, due to policy limits. I.e you can't build a nuclear reactor without approval so policy can durectly control market competition.
    • bluGill 7y ago
      You could, but you would be wrong as the market is universal. You can manipulate it, but ultimately it limits what you can do.
      • thatcat 7y ago
        the market is a social construct just like politics, there is nothing universal about it
        • bluGill 7y ago
          All children discover it though, so it is universal to humans. A few other animals have it as well.
• missedthecue 7y ago
  You've missed the point of my comment. I never said that the government can't manipulate markets through price floors, ceilings, or subsidies. I said the market system is amoral. We can't will it to do what we want. You can't force a job to suddenly create $20/hr of economic value by placing a mandatory $20/hr price on it. Basic mathematics doesn't allow that.
  • thatcat 7y ago
    The market and it's values are a manifestation of the people participating in the market and therefore the any morality or values a market has would simply be a reflection of the values and morality of those people.