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Time has shown that the market optima reached by deregulation aren’t optimal for everyone. It’s why we have a minimum wage, for example. There’s a place for let
by 6gvONxR4sf7o 5y ago
Time has shown that the market optima reached by deregulation aren’t optimal for everyone. It’s why we have a minimum wage, for example. There’s a place for letting the market decide, but it’s no panacea.
It’s disingenuous to act like there are no externalities involved and what’s what regulation is needed for. Especially when government investment is needed for the essentials like utilities and transit.
- renewiltord 5y agoI think we can allow for those things to follow people rather than prescribing it ahead of time. The Command Economy style of "First build transit, then enable large buildings" just leads to nothing going anywhere and a lot of people complaining about prices while rent seekers eat all surplus.