3 ms·
Markets as a general thing are essential, I agree. The particular market configuration that we have in this context is bad and tends toward oligopoly. I'm sorry
by anigbrowl 2y ago
Markets as a general thing are essential, I agree. The particular market configuration that we have in this context is bad and tends toward oligopoly. I'm sorry for not articulating this more clearly. I'm sure you don't think that all markets are equally efficient or sustainable, but that individual markets can be more or less good depending on how they are structured and how competitive they are.
Attempts to use central planning instead have been universally disastrous
Nobody mentioned central planning except you.
- pfdietz 2y agoCentral planning is just one example of a non-market mechanism. What other alternative do you propose that could adequately solve the problem of establishing prices?