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> Free market types aren't against private investors throwing private money They're free to do so, but isn't it cheating when it undercuts competitors while pr
by Apocryphon 4y ago
> Free market types aren't against private investors throwing private money
They're free to do so, but isn't it cheating when it undercuts competitors while propping up unsustainable businesses in the long run? Subsidies that support predatory pricing don't sound fair.
- robertlagrant 4y agoCheating at what? If you sell me your house for $1 then have you "cheated" all the other house sellers? What have you accomplished by this "cheating"?
- ElevenLathe 4y agoLibertarianism treats the market as a game when it suits (i.e. when other people are "cheating") and as a natural law the rest of the time (i.e. when other people want to change the already-artificial rules of the game via politics).
- robertlagrant 4y agoI don't quite follow why you're saying that, but as per my brief previous comment, I'm not saying it's a natural law, nor a game.
- ElevenLathe 4y agoSorry, I thought you were implicitly calling it as a game (which is IMO the correct and true view), since cheating can only happen in a game where there are established rules.
- robertlagrant 4y agoNot particularly; I think you can call almost anything a game if you like. But I don't think it's especially a game, nor a natural law. I don't see why anyone would characterise some people choosing to spend and lose their money as "cheating".