3 ms·
Even if they did, it would be idealized free markets that did that. Not the very much non-ideal, largely non-free markets we have, rife as they are with inform
by danaris 4y ago
Even if they did, it would be idealized free markets that did that.
Not the very much non-ideal, largely non-free markets we have, rife as they are with information asymmetry, non-commodity products, buyers with urgent time needs, and a host of other aspects that utterly invalidate the Free Market Will Solve Everything gospel that so many try to preach.
- danielmarkbruce 4y agoThe argument isn't that the free market will solve everything. It's that there isn't a better solution. It's a lower bar.
- danaris 4y agoWell, that's trivially falsifiable. A competently regulated market is better than a "free" (ie, unregulated) market in nearly all situations.
- danielmarkbruce 4y agoOn what planet does one falsify a claim by simply making the opposite claim?