3 ms·
Your premise is wrong. The point of a free market is to allow supply and demand to accurately determine pricing. It is not a desired effect of the free market f
by smbullet 2y ago
Your premise is wrong. The point of a free market is to allow supply and demand to accurately determine pricing. It is not a desired effect of the free market for production costs to always correlate or even be close to the price of goods or services. Changes in supply and/or demand can cause costs and prices to trend in opposite directions.
- munificent 2y agoI would argue that the "point" of a free market is that it's a system where participants find it worth participating because they reach their own goals while not having to agree on what the point is with any other participant.
- smbullet 2y agoI 100% agree but unfortunately most people outright reject the moral argument