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The "free market" doesn't work in the idealized way you think it does, and does not react in a way that solves such problems. The Scandinavian social-democratic
by mjn 14y ago
The "free market" doesn't work in the idealized way you think it does, and does not react in a way that solves such problems. The Scandinavian social-democratic model, by contrast, does work. Very few Scandinavians want to trade it in for the US model, and certainly not some kind of Tea-Party-sounding paranoia about Big Government like this press release oozes.
- snitko 14y agoPeople always say the chant "free market doesn't work" without giving any explanation or examples. Moreover, any example should be carefully dissected and analyzed, which rarely happens. Even if people come up with examples, it's usually followed by "and this is why free market doesn't work".
- Nursie 14y agoThe free market did not solve the problem of rapes, robberies and assaults in London's unregulated private late-night taxi business. No, it didn't. Now, you can argue that the people getting into those cabs should have known better, and that morally you ought to have the right to run one of these services. Law is the rest of us telling you where you can stick your absolutist morality while we find a nice balance that allows people to live the best they can with minimal restrictions.
- smacktoward 14y ago"People always say the chant 'free market doesn't work' without giving any explanation or examples" http://en.wikipedia.org/wiki/Market_failure http://en.wikipedia.org/wiki/Market_failure You're welcome.