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You tell me the rules and I’ll show you how your free market can be manipulated from within the rules. How do you propose to prevent things such as collusion (f
by dmwallin 6y ago
You tell me the rules and I’ll show you how your free market can be manipulated from within the rules. How do you propose to prevent things such as collusion (free association) and price manipulation.
All systems of economics are also systems of power. If the only system of power is the economic one than your economy is your de facto government.
If a structure for “governmental“ power is identical to the economic structure you have zero ability to fix abusive power imbalances when they eventually arise. It’s the same reason it’s good to have many checks and balances within government itself. Every structure has flaws, and any singular structure of power will have it’s flaws exploited unchecked.