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The user in question, begins with assumptions on how wealth and markets work that do not match anything I know of in economics. At one point they say that in a
by intended 5mo ago
The user in question, begins with assumptions on how wealth and markets work that do not match anything I know of in economics.
At one point they say that in a market economy there is no theft.
At another point they say that wealth concentration does not occur.
To begin to explain how they are working, I would have to invest in understanding the specific ideological framework they are using. Then figure out how to translate normal terms into their model.
This is a degree of care and effort I spend on people I love and care deeply about.
There is a threshold after which “educate yourself” is a genuine and reasonable statement, because the average person does not have the above average capability required to disentangle the motivated reasoning of a commenter.
- WalterBright 5mo ago> The user in question, begins with assumptions on how wealth and markets work that do not match anything I know of in economics. I'm not surprised. My dad taught free market economics as a professor in his later years. Students would come up to him shocked that there was a case for free markets. May I recommend any of Milton Friedman's books. Or "Capitalism" by Reisman. https://www.amazon.com/Capitalism-Treatise-Economics-Vol-1/dp/1931089639/ https://www.amazon.com/Capitalism-Treatise-Economics-Vol-1/d... > in a market economy there is no theft A free market economy is based on no force or fraud, and the government's job is to enforce that. > wealth concentration does not occur. Correct, in a free market.
- satvikpendem 5mo agoI broadly agree with you, but do you believe the US has a free market? With regulatory capture and other ways to influence politics to favor one corporation over another, I don't think it fully does.