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People are going to learn the hard way that The Market they've been worshipping is a false idol. Don't get me wrong - I advocate for a regulated market economy,
by taylodl 3y ago
People are going to learn the hard way that The Market they've been worshipping is a false idol. Don't get me wrong - I advocate for a regulated market economy, but the key point is "regulated." We have 200-300 years of experience now showing the kinds of problems vaunted market is unable to solve.
- drc500free 3y agoAgreed. Until you get rid of the ability to just take someone else's stuff by force or fraud, there isn't oxygen for actual productive and creative work to flourish in the market. A "pure" free market doesn't ensure the positive feedback cycle that re-invests value back into the people and processes who created it. Instead, people are free to use their accumulated power to take value that others create.