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To my mind,this highlights a flaw in free market theory. Obviously this scenario was not created by market forces. But now that the inequality exists, does anyo
by whiddershins 13y ago
To my mind,this highlights a flaw in free market theory. Obviously this scenario was not created by market forces. But now that the inequality exists, does anyone seriously believe a perfect free market economy, if implemented in Russia tomorrow, would act to substantially undo the resource distribution issue?
- hartator 13y agoIt proves the opposite at contrary. Corruption is the enemy of free market. The article explains that this situation is due to Vladimir Poutine giving away taxpayer money in huge amount for control and loyalty. Doesn't sound like free market.
- kenster07 13y agoThere are lots of "flaws" in free markets, if you're using econ101 bullet points as a blueprint.