3 ms·

There is no “free market” unless you have no rules at all. Markets and capitalism can only work properly if they are regulated.

junofan 4y ago
Generally a free market is one where the rules are arranged voluntarily by participants. Not sure what you mean by “work properly,” but there are plenty of examples of people successfully producing goods and trading them free of coercion.
- TimPC 4y ago
  I’d argue working properly includes appropriate consequences for negative externalities which by definition is impossible in an unregulated market. If you make it free to pollute you get a lot of pollution and that’s much worse for people than a $1/unit increase in the cost of some things.
  - jokethrowaway 4y ago
    That's just because the market is not encompassing everything. A free market is inconsistent with a government and publicly owned resources. Governments don't care if rich companies bribe them and will happily let them pollute until people are pissed enough. Look at plastic and that recycling government propaganda bullshit. They sold us to the oil companies and now we literally eat and breath microplastic. If a polluter is polluting on your share of the shared sky you'll sue them into oblivion.
    - modo_mario 4y ago
      >If a polluter is polluting on your share of the shared sky you'll sue them into oblivion. In what court?
    - TimPC 4y ago
      If you actually implement being able to sue polluters into oblivion for polluting you don’t get checks and balances on pollution leading to less pollution you get Rothbard-style deindustrialization libertarianism. You reduce things to the point where people can’t drive a car or produce electricity without being sued to oblivion.
      - spaetzleesser 4y ago
        Isn’t that the libertarian dream? You can whatever you want if somebody doesn’t like it they can sue you. We also need way more judges and courts in a libertarian society. After a while they will realize that all the suing is not efficient and invent the EPA to set some global rules
- belorn 4y ago
  Participants include in this case those that breathe in the polluted air. When it comes to the environment everyone in it participates.
  - goodpoint 4y ago
    Indeed, and millions of people face the choice between working in a polluted city or being unemployed in the countryside. Far from being "free of coercion".
- spaetzleesser 4y ago
  I never agreed with my neighbor that I can’t live in his house or eat his food. I am being coerced into not using his car.

junofan 4y ago

Generally a free market is one where the rules are arranged voluntarily by participants. Not sure what you mean by “work properly,” but there are plenty of examples of people successfully producing goods and trading them free of coercion.

TimPC 4y ago
I’d argue working properly includes appropriate consequences for negative externalities which by definition is impossible in an unregulated market. If you make it free to pollute you get a lot of pollution and that’s much worse for people than a $1/unit increase in the cost of some things.
- jokethrowaway 4y ago
  That's just because the market is not encompassing everything. A free market is inconsistent with a government and publicly owned resources. Governments don't care if rich companies bribe them and will happily let them pollute until people are pissed enough. Look at plastic and that recycling government propaganda bullshit. They sold us to the oil companies and now we literally eat and breath microplastic. If a polluter is polluting on your share of the shared sky you'll sue them into oblivion.
  - modo_mario 4y ago
    >If a polluter is polluting on your share of the shared sky you'll sue them into oblivion. In what court?
  - TimPC 4y ago
    If you actually implement being able to sue polluters into oblivion for polluting you don’t get checks and balances on pollution leading to less pollution you get Rothbard-style deindustrialization libertarianism. You reduce things to the point where people can’t drive a car or produce electricity without being sued to oblivion.
    - spaetzleesser 4y ago
      Isn’t that the libertarian dream? You can whatever you want if somebody doesn’t like it they can sue you. We also need way more judges and courts in a libertarian society. After a while they will realize that all the suing is not efficient and invent the EPA to set some global rules
belorn 4y ago
Participants include in this case those that breathe in the polluted air. When it comes to the environment everyone in it participates.
- goodpoint 4y ago
  Indeed, and millions of people face the choice between working in a polluted city or being unemployed in the countryside. Far from being "free of coercion".
spaetzleesser 4y ago
I never agreed with my neighbor that I can’t live in his house or eat his food. I am being coerced into not using his car.