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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 marke
by 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 agoThe 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.