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> tradgedy of the commons That has to do with diffusion of responsibility for communal property. What does that have to do with markets. > ability of a large
by lliamander 4y ago
> tradgedy of the commons
That has to do with diffusion of responsibility for communal property. What does that have to do with markets.
> ability of a large participant to drop prices to eliminate competition then raise prices
I think the market has ways to adapt to such behavior. Regulatory capture in a non-free market seems like a much more likely, and more persistent, risk.
> inability of market forces to handle extreme tail risk like major natural disasters.
I just don't think that's supported by the evidence.
- palmetieri2000 4y agoBy what metric is the US market free? I find it difficult to believe that it would be considered anything other than in a state of regulatory capture.
- WalterBright 4y ago> By what metric is the US market free? You can start any business you like. People do it all the time.
- palmetieri2000 4y agoNo you cannot... Crack, heroin, firearms, sex work. There is a massive list of things one cannot start a business doing in the US. Why would you say such nonsense?