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> purely as a free market Who said anything about purely free markets?! Markets are indeed over regulated around the world today. More so in Europe, than in th
by nickpp 3y ago
> purely as a free market
Who said anything about purely free markets?! Markets are indeed over regulated around the world today. More so in Europe, than in the US, explaining why EU is lagging behind economically further and further. But much less so at the beginning of the last century where a tremendous amount of wealth and building got done in a very short time.
The truth is staring us in the face: the more we regulate (no matter how good the reason is), the higher the costs and delays. Culminating with the three broken markets of today: healthcare, education and housing.
> history is full of evidence
Please feel free to provide some then. The historical evidence I know (USSR and such) shows that countries that killed their free markets were unable to even feed their own citizens.
- sulam 3y agoIf I give you a list, you’re going to proceed to tell me that they all exist because of government regulation. I don’t argue with zealots. If you define criteria you will accept as evidence before I give you a list, I’m willing to do the work to show you that pure free markets produce outcomes that force regulation on them. Finally, if you aren’t talking about “pure free markets” when you say that regulations are bad, then what the heck are we even arguing about? I haven’t said we should turn the US into the Soviet Union, just that free markets require some regulation. This should be as uncontroversial as stating that gravity exists. You have to go very far back in academic economic literature to find anyone arguing that free markets are an unmitigated good.