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An unrelated market is an oxymoron. You could come to my house and put a gun to my head, but that's not a consensual trade. That's just thuggery; the point of
by SR2Z 8mo ago
An unrelated market is an oxymoron. You could come to my house and put a gun to my head, but that's not a consensual trade. That's just thuggery; the point of a market is that both sides benefit from trade.
For markets to exist, property rights also need to be respected.
- nutjob2 8mo agoThe gun was an analogy and the comment satire, but the thuggery is real and the weapon is money. For markets to exist they indeed need to be regulated and when they aren't you get something other than a market, you get thuggery.
- SR2Z 8mo agoBut this is my point. People say "unregulated market" and assume that means reverting to feudalism, but what it actually means is just... less regulation.
- nutjob2 8mo agoYou should try speaking to the Libertarian bros.
- SR2Z 8mo agoThe libertarians get a lot of things wrong, but generally they would agree that it's not a real market if people are getting coerced. I'm not convinced that the system they want to build would actually protect people, though.