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But they don't exist and they never have because of all the things I pointed out. The premise of your argument is incorrect because they are not real. The free
by kristopolous 6y ago
But they don't exist and they never have because of all the things I pointed out.
The premise of your argument is incorrect because they are not real. The free market is an impossible theoretical intellectual exercise and nothing more.
Show me where all participants instantaneously knows the utility maximization function of all potential transactions and exercises individual maximization with friction free transfers based on perfect infinite information and we can more forward with your argument.
Otherwise you're simply attributing unspecific generalities to a fiction.
- nickpp 6y agoYeah, communists had all the theoretical reasons their system was better than capitalism, still in the end, they were the ones starving.
- kristopolous 6y agoNow you've changed the topic. Free Market and Capitalism aren't the same thing. Capitalism exists, free markets do not. We're talking about a specific theory in the Austrian School. The task is still on you to demonstrate how the free market isn't a fiction.
- nickpp 6y agoNo, the task is still on you to defend your strange belief in the nonexistence of free markets. I went into a small one this very morning, to buy some apples and eggs. Looked very real to me. And free: nobody told the sellers at which price to sell and nobody made me buy if I didn’t like it.
- kristopolous 6y agoThat's just a market. Markets have existed forever - that's just a transaction of goods or services. Free markets are a specific definition with specific conditions.
- nickpp 6y agoYeah, I am using the generally accepted and recognized meaning in conversations around the world. I am not interested in the current trend of twisting the definition of a word until it fits your preconceived notions.
- kristopolous 6y agoThe existence of markets isn't being contested. If that's what you mean then sure. Markets exist. We can both move on with our days now.
- NeutronStar 6y agoBecause no one is starving in capitalist societies?
- nickpp 6y agoAre you seriously asking that question? Do you really think the two even compare?!
- NeutronStar 6y agoDid I say the two compared? You implied that they were starving while we were not. That's simply not true.