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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. I'm not surprised. My dad tau
by 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.