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This sound like dogmatism. Markets fail, a lot. The fact a thing is a market is not a guarantee for the intended consequences. At most it adheres to a paradigm
by mola 6y ago
This sound like dogmatism. Markets fail, a lot. The fact a thing is a market is not a guarantee for the intended consequences.
At most it adheres to a paradigm of thinking which is now very popular due to percieved successful past.
- darawk 6y agoMarkets do fail in certain circumstances, but I outlined a specific mechanism. If you think there's a way for that mechanism to fail, i'd be interested to hear it, but just saying 'markets sometimes fail' in a generic sense, isn't really much of a counter argument.