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Whereas permanent poverty is a built in feature of non-market economies. Seems like an easy choice to make.
by next_xibalba 4y ago
Whereas permanent poverty is a built in feature of non-market economies. Seems like an easy choice to make.
- vkou 4y agoPermanent poverty is also a defining feature of feudalism, which is the end game of any unmanaged market economy. That's another reason markets get a little bit of steering.
- kennywinker 4y agoPermanent poverty is built into this economy for all but a very very lucky few. We can do better, and framing the options as market-economy (what we have) and non-market-economy (everything else) is a false dichotomy. Markets can exist without the second-guilded-age capitalism we're in right now.