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Because liquidity is a term for assets such as stocks, and related to how quickly one can liquidate something. It has nothing to do with labor. What you may be
by mym1990 3y ago
Because liquidity is a term for assets such as stocks, and related to how quickly one can liquidate something. It has nothing to do with labor.
What you may be thinking of is a “fluid market”, which corresponds to how loose or tight a labor market is.
Either way, there is no problem
with saying that the free market is working as it should here…free markets are a concept and of course 2 words will never summarize the extremely complex world of supply and demand, and all the exceptions to the rules(neither will whatever 2 words you come up with).
- fragmede 3y agoIf it's not a free market, because of restrictions/regulations on that market, then we should object to calling it a free market! Look, I know it's a handy phrase that we've all grown accustomed to, but when it doesn't fit, we shouldn't try and force it to fit, just because it's comfortable.
- mym1990 3y agoThen we basically have to throw the definition of any abstract idea out the window, or put an asterisk next to it with every possible caveat. Of course the implementation of a free market is not the same as the perfect concept of it because we live in a complex world. But I guess this is your hill to die on, not mine.
- diogenes4 3y agoWell, anyone who claims to know what a "free market" is supposed to do is straight conning you. As i said, it's a disingenuous marketing term with no application to reality. If someone intended to say "supply and demand" surely they would use "supply and demand".
- mym1990 3y agoSupply and demand is a part of the free market philosophy, and it also exists in non-capitalist ideologies. What a free market is supposed to do is well understood and studied...what it actually does with the addition of caveats such as political motives, human nature, competition, etc... is very different. Sounds like you're the one that got conned.