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In fact, "free" markets are downstream of them. Political stability and rule of law are important everywhere, whereas a fetish for free markets is something tha
by disgruntledphd2 9mo ago
In fact, "free" markets are downstream of them. Political stability and rule of law are important everywhere, whereas a fetish for free markets is something that's only important in some places.
We rarely get better results from healthcare or education (or infrastructure) from a free market system, and yet those are fundamental ingredients towards most human development (which can, but does not require free markets).
And anyway, what does a free market mean? Do regulations make markets less free or just shape them?
- WalterBright 9mo ago> We rarely get better results from healthcare or education (or infrastructure) from a free market system Healthcare in the US was very good and inexpensive before the government got involved in it. Public education does a very poor job in the US, at enormous cost. > what does a free market mean? It means a market where force and fraud are absent. > Regulations Regulations to reduce force and fraud are a proper function of government.