3 ms·

You can tell that to the free market faithful. I was merely pointing out that saying the market 'just works' instead of it 'working as intended' logically does

• TeMPOraL 2y ago
  Sure, but in the real world, there aren't that many true believers in the Free Market. There's just a lot of people confused about what the market is, and it's useful to help them realize that it's just a name we give to a complex set of feedback loops. There is no intention behind them - it's just what happens when people do stuff people do. It is not a moral authority, and it does not magically limit itself to trading dollars for food or sex either - we limit it to that conceptually, by drawing a border and then regulating it to stay away from the other things. A truly free market just degenerates into the "natural state" in which non-social animals live. There is, nor there ever will be, a truly free market in a human society. The only intentional thing, the only thing we can discuss whether it "works as intended" or not, is the boundaries (cultural and regulatory) we set around the market. It's the only thing we control (sort of - the same feedback loops that form the market also affect our attempts at regulating it).