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He said "a truly fair free market" which doesn't translate to anarchy. Some regulation may be necessary. He is just positing that the current regulations are no
by cookiecaper 13y ago
He said "a truly fair free market" which doesn't translate to anarchy. Some regulation may be necessary. He is just positing that the current regulations are not appropriate, not that regulations and/or law should be abolished entirely. Some regulation and law is required for a market to remain free.
- e40 13y agoDoes anyone, anywhere believe a "truly fair free market" is anything but an ideal that could never exist? We'll find unicorns first.
- cookiecaper 13y agoI don't think "truly fair" necessarily implies "perfect".
- e40 13y ago"Truly fair" implies that regulation would not be needed, and that is only something that would happen in an ideal world.
- cookiecaper 13y agoWhy does it imply regulation would not be needed? It's truly fair because appropriate regulations are in place and inappropriate regulations are not. There may still be minor flaws, but once a certain fidelity is reached, I think "truly fair" is an apropos descriptor of a system even if it isn't 100% perfect.
- justinreeves 13y ago"a truly fair free market" doesn't translate to anything, because it's not attainable.
- vacri 13y agoA "truly fair free market" requires perfect information on the part of all stakeholders, which is impossible to achieve.