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1) My evaluation of free markets is that they are poorly equipped to solve certain problems; IMO protecting/preserving the environment being the best example of
by aranchelk 5y ago
1) My evaluation of free markets is that they are poorly equipped to solve certain problems; IMO protecting/preserving the environment being the best example of this. Otherwise I believe them to be an incredibly powerful tool.
2) I think the whole system breaks down when companies lobby for and receive special governmental protections, which incumbent ISPs have done in the US since before they even were ISPs (phone and cable TV providers).
I believe myself to be relatively consistent.
- jraph 5y agoDo you believe in free markets, but with regulations? (which i can understand)
- aranchelk 5y agoYes, I think at absolute bare minimum you need regulations to keep industry from capturing/controlling government, or else the most powerful capitalists effectively become the government. I don’t know a lot of people who like that scenario. Clearly IMO you need regulations to deal with issues markets are not addressing. Again, the environment being the prime example. My preference is for the government to intervene in other areas, e.g. capping prices on life-saving drug. In those instances I favor the simplest laws that achieve the desired result. My understanding is as laws become more complicated and harder to understand the more convoluted (and even bizarre) companies behave.