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Market forces are imperfect. Market forces decided child labor and unsafe working conditions were just fine. You can argue that you don't like some specific r
by jayd16 6y ago
Market forces are imperfect. Market forces decided child labor and unsafe working conditions were just fine. You can argue that you don't like some specific regulation or that its failing to meet the moment but there's plenty of examples of why "let the market decide" wasn't good enough in the past (as well as plenty of examples it was the perfect solution).
- liability 6y agoMarkets should be considered a tool. Frequently a powerful and useful tool, but I don't think there has ever been a tool that's the right tool for every purpose. There are a lot of problems that markets just aren't a good tool for solving. If a problem calls for screws, put down the hammer.
- r00fus 6y agoNot to mention slavery. In fact a large part of what happened world wide in the past few centuries revolved around the slave trade. That's one example of what happens when market forces are allowed free rein.