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>If I'm misinterpreting dscrd's argument please help me out. I interpreted his critique to markets as they won't work because they represent the will of the peo
by dscrd 14y ago
>If I'm misinterpreting dscrd's argument please help me out. I interpreted his critique to markets as they won't work because they represent the will of the people, and sometimes the will of the people is wrong (because they're irrational)? He seemed to accept that argument and wanted to push it forward..
Yes, that was pretty much my critique: people are often irrational. I think you mispresented that critique by taking it to absurdity. Continuum or slippery slope fallacy?
- smokeyj 14y agoI guess I don't agree with your use of "rational". Motives such as selfishness and greed are perfectly rational. They may not be altruistic, but they sure as heck make sense. I associate irrational behavior with children, the insane, and mentally handicapped. These are people who are not capable of reasoning. Corrupttion, cronyism, and greed all make perfect sense. Saying free markets aren't effective due to mans selfish nature is a reasonable observation. I agree that markets would be more effective with more altruistic agents. But then again, what wouldn't be? I believe whatever shortcomings in human nature that voluntarily interacting people face (ex, selfish agents in a market) will only be magnified in a Statist society. A "bad guy" trying to game the market with anticompetative practices sucks. What sucks more is this bad-guy gaming the government, and everything government regulates (hint, everything).