3 ms·
"Free markets" are never perfectly free or even close to it. Only the writers of utopian libertarian science fiction think that. The question is how you manage
by marcinzm 6y ago
"Free markets" are never perfectly free or even close to it. Only the writers of utopian libertarian science fiction think that.
The question is how you manage that lack of freedom and to whose benefit you try to manage it. I prefer it be managed towards the general stability of society. Of course it will be managed in an imperfect way but I prefer the goal be a stable society.
edit: The government intervening will never really make the market more free but it wasn't free to begin with (see robinhood today). So you lose a bit more freedom but you shift the benefit of the overall loss of freedom from "a bunch of rich people get richer" to "society as a whole get's richer and more stable." Not fully but a bit further.
- LegitShady 6y agoWhile i agree with you in principle, there's a difference between "this market is regulated" and "this market will be bailed out at random on the whims of politicians, while this other market or firm won't" in which case we start to have issues.
- slickrick216 6y agoMy argument is government intervention is the problem. You can’t fix the problem with more of the problem. Say your house was on fire do you add more fire until it burns down and call that problem solved.