4 ms·
correct, both of those things are examples of free markets
by anthonypasq 8mo ago
correct, both of those things are examples of free markets
- Betelbuddy 8mo agoAdam Smith had already clarified free market refers to a market free from all forms of economic privilege, monopolies and artificial scarcities. You are confusing market outcome with market structure.
- Xunjin 8mo agoGood point, however we can't miss the history which shows that free market are not achievable, in some fields of economic is seen as "fairy tale".
- Betelbuddy 8mo agoEven dumb Greenspan already knew we dont want unregulated..."free" markets: https://youtu.be/AWM0l8_F_X0?t=412 https://youtu.be/AWM0l8_F_X0?t=412
- Aurornis 8mo agoBut where is the monopoly here? Nobody has a monopoly on housing supply or DRAM production. Nobody is making an artificial scarcity. They’re producing as much as they can. You can buy the exact same DRAM that the data centers are bidding on.
- blactuary 8mo agoThere is absolutely artificial scarcity in the housing market, it is one of the biggest problems we face as a country
- blactuary 8mo agoIncumbent owners preventing the construction of more supply to maintain their own property values is not "free market". This is very basic stuff