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Markets always exists as long as people want to exchange one thing for another, by definition.
by satvikpendem 10mo ago
Markets always exists as long as people want to exchange one thing for another, by definition.
- psychoslave 10mo agoConcepts such as person or property are required premises for such a market system to happen, be it by formal laws or tacit consensual behaviors.
- satvikpendem 10mo agoYes, and throughout human history, there has always been the concept of owned property.
- shimman 10mo agoYes and you're allowed to regulate markets into things that actively benefit society and not just sucking blood from people willy nilly.
- psychoslave 10mo agoWe are allowed as in, no formal rule forbid it is one thing. But if all the rules favors oligarchic accumulation with reinforcing loop, it's unlikely that the resulting dynamics will fall into a loophole of equal redistribution of wealth where social harmony thrive.
- satvikpendem 10mo agoNo one said you couldn't.