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> But somehow the narrative is markets are “bad” The mainstream opinion is "markets are ok as long as they are well regulated". The only narrative that is try
by ajuc 3y ago
> But somehow the narrative is markets are “bad”
The mainstream opinion is "markets are ok as long as they are well regulated".
The only narrative that is trying to compete with that with any success is "markets are perfect without any regulation". Which provokes the rebuttal you refer to.
I've yet to see anybody claiming seriously that "markets are inherently bad and can't be saved". Even in communism there were markets, as abysmal as that system was (and I lived in a communist country for 6 years).
If our markets right now were regulated enough - we wouldn't have global warming problems. Clearly there's a lot of externalities that aren't priced-in. So - there's too much market and too little regulation.
- alchemist1e9 3y agoWe likely actually agree. The issue is politicians tend to push redistribution and direct action of the government over rules and regulations.