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>The free market will create the greatest amount of wealth from a given amount of resources. What do you mean by this? Most free markets have a significant amo
by tangjurine 6y ago
>The free market will create the greatest amount of wealth from a given amount of resources.
What do you mean by this? Most free markets have a significant amount of dead weight loss.
- tenebrisalietum 6y ago> Most free markets have a significant amount of dead weight loss. This tends to be moved into "externalities" and doesn't affect the direct recipients of wealth. It does affect things like quality of life, environment, etc.
- roenxi 6y agoIt isn't clear what you mean by a 'dead weight loss', but I'll guess. All systems have losses. Free markets will create more wealth than any of the alternatives.