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Once you remove physical violence as a mean of interaction, you gain something else which would be violence by any other name. Government minimization is favore
by gostsamo 3y ago
Once you remove physical violence as a mean of interaction, you gain something else which would be violence by any other name. Government minimization is favored the most by those who would gain from the lack of counterbalance.
In the case of market economy, if you can't use violence, then the world would be split into natural monopolies and monopolies after market consolidation. Everyone else will be feudalized because someone else will control their access to water, electricity, education or whatever. Because property is sacred and we can't use violence no matter the consequences.
The ever expanding free to enter and free to participate market is a delusion, so let's not delude ourselves that it will take care of everything without us taking responsibility.
- gwright 3y agoOk, now explain how free market economies have improved the quality of life and lifted more people out of poverty than any other economic system in history.
- gostsamo 3y agoEnergy. Last few hundred years humanity unlocked new sources of energy. Free markets are a good distribution mechanism, but by themselves they fail at the point when there is no new input in the system. As I said above, there are some other prerequisites like free entry, free participation, plus enough information. Otherwise, the market collapses. free markets are not self-sustaining and if you want for the system to work, you should maintain it.