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The privately owned fire brigades in NYC 100 years ago weren't much better. The free market at work: https://www.youtube.com/watch?v=9zoXk1vnmcg https://www.yo
by EGreg 5y ago
The privately owned fire brigades in NYC 100 years ago weren't much better. The free market at work:
https://www.youtube.com/watch?v=9zoXk1vnmcg https://www.youtube.com/watch?v=9zoXk1vnmcg
The real Bowery Boys would sometimes sabotage other companies' insured buildings by setting the fires.
https://en.wikipedia.org/wiki/Bowery_Boys https://en.wikipedia.org/wiki/Bowery_Boys
- WalterBright 5y agoSetting fires on other peoples' property is not "the free market at work".
- EGreg 5y agoBut the rest of it was. The part in the first half of my message and the linked video is entirely free-market. Also, please do the work to expound on your claim.
- WalterBright 5y ago> do the work to expound on your claim A free market system requires protection of property rights. Arson violates property rights, and so is not free market.
- tomrod 5y agoWhat type of market is it when there is no regulation to protect rights, whether property, natural, or civil?
- WalterBright 5y agoAnarchy is one. Communism is the other, as you have no property rights.
- tomrod 5y agoThese are political systems, not economic systems. When I hear people describe a free market, the respect for property rights is sacrosanct yet many also push back on regulation. This confuses me. Regulation typically seeks to ensure rights are respected.