3 ms·
Ok, 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.
by gwright 3y ago
Ok, 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.