3 ms·
I’ve studied economics for years and I’m still of the opinion that the only government intervention to the market should be breaking monopolies and cartels. I’m
by valval 2y ago
I’ve studied economics for years and I’m still of the opinion that the only government intervention to the market should be breaking monopolies and cartels. I’m waiting for a piece of literature that would convince me otherwise, maybe you could provide one?
- globular-toast 2y agoI can't, but I'm curious how you think problems like externalities would sort themselves out. Also what about natural monopolies like utilities and infrastructure that can't really be broken up?
- valval 2y agoI think humans are excellent survivors. I don’t lose sleep over externalities because of that alone. What I mean by that is that once people realise their daily lives are being affected by a negative externality, they start making decisions that alleviate that hardship. I do recognise though that it’s an unsolved problem, and will lead to some form of regulation as our understanding is lacking. I think only harmful monopolies should be broken up by force, since they’re a legitimate market force. I’m conceding some ground on that because I’m not prepared to claim that monopolies aren’t always harmless.