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The free market lets actors choose what's best for them at the expense of the group. For example the recreationally remote are bankrupting American towns, and u
by nicbou 5y ago
The free market lets actors choose what's best for them at the expense of the group. For example the recreationally remote are bankrupting American towns, and using up far more land and resources than sensible. This also have an environmental impact, but that argument tends to fall on deaf ears among free market proponents.
- trinovantes 5y agoWhile I acknowledge absolute free market may result in tragedy of the commons in many scenarios, you gave a pretty poor counterexample American towns are going bankrupt because federal/state subsidies (e.g. the Highway Act) allowed them to make inefficient decisions like creating financially unsustainable suburbs instead of intensifying urban areas