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Ah, Economics theory. Where you know the thing lying on the sidewalk can't be a dropped $20 bill, so you don't even think about picking it up. And Pinkerton's
by bell-cot 2y ago
Ah, Economics theory. Where you know the thing lying on the sidewalk can't be a dropped $20 bill, so you don't even think about picking it up. And Pinkerton's goons have never done anything bad to workers demanding higher wages, and the Tulsa massacre couldn't possibly have happened, and the AMA can't be limiting the supply of MD's, and ...
- deleted 2y ago[deleted]
- WalterBright 2y ago... and socialism still never works. Free markets perform better than any other system, over and over.
- dns_snek 2y agoDo you have any examples of industries that operate as a free market, one that has never received government subsidies, grants, or bailouts? (i.e. socialism) One that doesn't abuse the intellectual property system (e.g. patent trolling), or exploit their dominant market position in anti-competitive ways? When deciding which system "performs better", there are deeper societal factors to consider than just return on investment for shareholders.
- WalterBright 2y agoSure. The software industry. > When deciding which system "performs better", there are deeper societal factors to consider than just return on investment for shareholders. Name an aspect where socialism performs better.
- namaria 2y agoThere's no free market. Therein lies the fallacy. All markets operate and depend on clearly written and well enforced legislation to function.
- WalterBright 2y agoI agree, and a pound of butter doesn't exactly weight a pound, either. A free market requires a government in order to protect rights and enforce contracts. It's not anarchy.
- Nasrudith 2y agoThat sounds like you are projecting like IMAX about economics and assuming that it simply must be loaded with denial-ism of anything bad that ever occurred under capitalism.
- WalterBright 2y agoI never said free markets produce perfect result. Nothing human is perfect. I said free markets produce better results than socialism, every time.