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> Free markets will always remain the most fair system of resource allocation. Based on what? Theoretical models are full of assumptions that doesn't hold in p
by yodsanklai 4y ago
> Free markets will always remain the most fair system of resource allocation.
Based on what? Theoretical models are full of assumptions that doesn't hold in practice. Empirical evidence is limited too since free markets don't even exist in the real world. If anything, evidence show that they fail for a wide range of applications where there are inefficient and not fair.
> Any other system requires an uninvolved power, likely a govt, to decide.
Free markets also required a government. They need to be regulated and can't work in a vacuum.