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My description of the free market fantasy is buying a house with a nice natural looking garden Then thinking it got that way by itself. And then being confused
by Gibbon1 6y ago
My description of the free market fantasy is buying a house with a nice natural looking garden Then thinking it got that way by itself. And then being confused a few years later that your back yard is all weeds and bermuda grass.
That said story from the early nineties. Some friends that worked at an engine diagnostic tools company. Talking how bad Hyundai cars were. I told them I thought Hyundai would eventually become a reliable brand. Because they and South Korea were all in. I've seen that again and again a willingness to commit to see something through overcomes a lot of negatives.
What that says to me that economists idea of comparative advantage really about that, not about much else.