5 ms·

>The idea that the free market will self-correct and optimize outcomes is a well-documented fantasy. Could you share some sources to back this up? At least a s

>The idea that the free market will self-correct and optimize outcomes is a well-documented fantasy. Could you share some sources to back this up? At least a sources to back up at least a few case studies would be curious. I'm interested in economics and never have been aware that free market self-correction is a well documented fantasy and would love to understand where is your claim coming from.

woooooo 1y ago
Libertarians took over a town in NH and abolished town wide garbage collection. The free market produced a bunch of trash in people's yards, which attracted bears, causing havoc all around town. True story. That's not to say you can't solve a lot of problems with markets. It just means waving your hands at "the free market" like it's a magic talisman is a childish thing to do.
- potato3732842 1y ago
  Why didn't they just shoot the bears? You'd figure libertarians would be all for that.
  - generativenoise 1y ago
    Because they couldn't reach a consensus with their governance mechanisms. There were people feeding and encouraging the bears. I guess they could have shot all the bears. Eliminating all the bears because a sensible consensus can't be reached seems like a gross failure of humanity to coexist with the natural (uncontrolled) world.
    - potato3732842 1y ago
      Sounds like they just couldn't put their money where their mouths were and wanted daddy gov to manage the bears and couldn't agree on how. If the neighborhood has bears just store your stuff better and you won't have to shoot them causing problems with the neighbors. Easier than bickering and cheaper than paying for government to do it. Edit: I guess this works of thieves too.
  - anigbrowl 1y ago
    It would have violated the NAP.
- bch 1y ago
  > Libertarians took over a town in NH and abolished town wide garbage collection. Presumably this is the case you’re citing: https://www.vox.com/policy-and-politics/21534416/free-state-project-new-hampshire-libertarians-matthew-hongoltz-hetling https://www.vox.com/policy-and-politics/21534416/free-state-...
  - WalterBright 1y ago
    That sounds like a case of "Tragedy of the Commons", which is not free market. Also, police is a requirement because libertarianism relies on government to protect peoples' rights. Gutting the police department is what anarchists do, not libertarians. If you want to know of a successful libertarian experiement, see the founding of the United States. (Excluding the slave states, of course. Slavery is antiethical to libertarianism.)
    - conception 1y ago
      You mean the Articles of Confederation that failed because the government wasn’t strong enough?
      - WalterBright 1y ago
        The Articles of Confederation were not the founding of the United States. The founding was the Constitution.
    - _Algernon_ 1y ago
      No true scotsman
      - WalterBright 1y ago
        ??

woooooo 1y ago

Libertarians took over a town in NH and abolished town wide garbage collection. The free market produced a bunch of trash in people's yards, which attracted bears, causing havoc all around town. True story. That's not to say you can't solve a lot of problems with markets. It just means waving your hands at "the free market" like it's a magic talisman is a childish thing to do.

potato3732842 1y ago
Why didn't they just shoot the bears? You'd figure libertarians would be all for that.
- generativenoise 1y ago
  Because they couldn't reach a consensus with their governance mechanisms. There were people feeding and encouraging the bears. I guess they could have shot all the bears. Eliminating all the bears because a sensible consensus can't be reached seems like a gross failure of humanity to coexist with the natural (uncontrolled) world.
  - potato3732842 1y ago
    Sounds like they just couldn't put their money where their mouths were and wanted daddy gov to manage the bears and couldn't agree on how. If the neighborhood has bears just store your stuff better and you won't have to shoot them causing problems with the neighbors. Easier than bickering and cheaper than paying for government to do it. Edit: I guess this works of thieves too.
- anigbrowl 1y ago
  It would have violated the NAP.
bch 1y ago
> Libertarians took over a town in NH and abolished town wide garbage collection. Presumably this is the case you’re citing: https://www.vox.com/policy-and-politics/21534416/free-state-project-new-hampshire-libertarians-matthew-hongoltz-hetling https://www.vox.com/policy-and-politics/21534416/free-state-...
- WalterBright 1y ago
  That sounds like a case of "Tragedy of the Commons", which is not free market. Also, police is a requirement because libertarianism relies on government to protect peoples' rights. Gutting the police department is what anarchists do, not libertarians. If you want to know of a successful libertarian experiement, see the founding of the United States. (Excluding the slave states, of course. Slavery is antiethical to libertarianism.)
  - conception 1y ago
    You mean the Articles of Confederation that failed because the government wasn’t strong enough?
    - WalterBright 1y ago
      The Articles of Confederation were not the founding of the United States. The founding was the Constitution.
  - _Algernon_ 1y ago
    No true scotsman
    - WalterBright 1y ago
      ??