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For the record I believe I agree with you. However I view it as governments are the failure point in the issues you list, not markets. They have outright failed
by alchemist1e9 3y ago
For the record I believe I agree with you. However I view it as governments are the failure point in the issues you list, not markets. They have outright failed to address the negative externalities as they have been captured by private interests. In my opinion the entire financial system is captured and the regulations they tend to introduce are simply to allow the corrupt private entities further control.
One neat part of anonymous online prediction markets using unregulated digital currencies is how they exist outside this crony capitalist system.
It’s not markets to blame. It’s bad government!
- IX-103 3y agoYes, the police are to blame for the rash of murders and arson is clearly the fire department's fault. It takes two to perform regulatory capture -- unless one of them can buy votes from lawmakers. And guess what the "market" found was most efficient?
- alchemist1e9 3y agoAnd the politicians also buy votes from the people using redistribution policies. Seems we agree the government is the problem!