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It's a common fallacy to look at a heavily regulated market and blame "the market" in general. What makes it worse is supposed "free market" advocates that inst
by colordrops 5y ago
It's a common fallacy to look at a heavily regulated market and blame "the market" in general. What makes it worse is supposed "free market" advocates that instead selectively deregulate in their favor. But the market can be corrected by selectively deregulating in favor of the disadvantaged too. It just doesnt happen very often due to the nature of the of the people in power.
- dragonwriter 5y ago> But the market can be corrected by selectively deregulating in favor of the disadvantaged too. Only to the extent that existing regulation favors the advantaged more than the market naturally does, which tends to make that approach quite limited in potential.
- 8note 5y agoThe market will always favour the advantaged. Correcting that out means getting rid of the market