4 ms·
> In reality, it is government which creates markets. This seems like a obviously false statement. The norm is for people to trade. Just watch children play: i
by dpatru 15y ago
> In reality, it is government which creates markets.
This seems like a obviously false statement. The norm is for people to trade. Just watch children play: it's extremely common to see them trade toys with each other.
The "black markets" enabled the soviet union and the communist-block countries to survive as long as they did.
The reality is that it is governments are the destroyer of trade and markets through taxation, embargoes, price controls, and trade restrictions.
A significant portion of America's prison population are drug offenders: essentially people who tried to operate in an illegal market.
If governments were necessary for markets, why are there all these markets existing despite governments' attempt to stamp them out?