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Really? "Fair" is not at all a free market concept.
by pbhjpbhj 4y ago
Really? "Fair" is not at all a free market concept.
- Dylan16807 4y agoI don't know why you got downvoted for that. Fair competition is the ideal state for a market to be in, but a free market is about unrestricted competition and that can easily turn into monopolies or cabals.
- phpisthebest 4y agoOk then, highlight all the times where a market has resulted in a monopoly with out underling government regulations limiting the ability of new entrants to the market.
- beiller 4y agoI do believe government intervention has many unintended consequences but I'll take a stab at this. How about google search?
- phpisthebest 4y agoThat was the obvious rebuttable, and to be honest I have a hard time countering that however the obvious statement is search really a market since it is a "free" product. One has to ask what is the actual market, is it the search engine or the advertising that pays for the search? Google while dominate is not a monopoly for Online Ads, so while they command a 90-95% market share in "online searches" that is not the product they sell so traditional market dynamics are not at play so I am hard pressed to call online search a "free market" given nothing it being sold, what is being sold is the ad space on google search.
- guywithahat 4y agoIt's the very definition of a free market concept. The price the market determines for something is the fair price, to charge more or less would be unfair to someone else
- WalterSear 4y agoRidiculous. You are conflating usage of the term 'fair'. Fair market value is a reference to what the market will bear, not what is or is not fair.