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> If it isn’t a “free market utopia” we [want]? Shouldn’t talk about it or something? The US is a long way from a free market. 40% of the GDP is directly contr
by roenxi 2y ago
> If it isn’t a “free market utopia” we [want]? Shouldn’t talk about it or something?
The US is a long way from a free market. 40% of the GDP is directly controlled by government spending (probably over half the economy is controlled by the government if we count distortions caused by private sector spending in support public spending) and there are substantial limitations placed on what is left by a complex web of legislation.
And of the parts of the economy that isn't officially government-controlled, the US healthcare system is some sort of bizarre Frankenstein's monster of a planned economic system where nobody knows who the planners are, the financial markets are partially centrally controlled too where the Fed keeps putting their finger on the scale of how investment flows move. Housing isn't too terrible but the details are a mess of non-free markets.
Those are the issues that are important. Whether the Federal government runs some advertising on a political basis doesn't rate on the hypocrisy scale, it is far too minor. And advertising is already a pro-free-market approach. There isn't a discrepancy between their words and actions on the topics you bought up.
That isn't to say it is good behaviour, because it isn't. But it is free-market behaviour.
- duxup 2y agoIf you’re concerned with maintaining any kind of free market, corruption is always a cause for concern.
- czzr 2y agoThere are different ways to allocate resources in a society. They have different trade-offs and failure modes, and the best systems try to solve problems using the right allocation mechanism (so, mining copper -> free market, building computers -> free market, water rights -> tightly regulated and/or government controlled, utility networks -> tightly regulated, setting interest rates -> independent central bank, national defense -> government controlled, and so on). Reducing that to free markets = good, governments = bad (or vice versa) is a truly terrible way to think about effective society design.