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> When markets are allowed to work "normally", this is what always happens: regulations are lobbied to the ground, resources get depleted, profitable companies
by zrn900 2y ago
> When markets are allowed to work "normally", this is what always happens: regulations are lobbied to the ground, resources get depleted, profitable companies get destroyed to make a quick buck and everyone is worse off in the long term.
Yes, there was a time during industrial revolution when laissez faire was experimented with in a region of England. It ended up in a total hellhole apparently. Also it looks like it was tried in Norway to a lesser degree and it ended up in another hell:
https://www.quora.com/What-would-happen-if-the-Nordic-countries-adopted-small-l-libertarianism-and-moved-away-from-their-much-acclaimed-Nordic-Model-Wouldnt-the-homogeneous-culture-facilities-a-private-charitable-systems-to-in-lieu-of/answer/Lyonel-Perabo https://www.quora.com/What-would-happen-if-the-Nordic-countr...
- aeternum 2y agoI would love to see an experiment where the only type of regulation allowed was to price unpriced externalities.