4 ms·
Government intervention in the free market is never a good thing. If i would have a citizenship i would have voted no.
by thecopy 12y ago
Government intervention in the free market is never a good thing. If i would have a citizenship i would have voted no.
- bayesianhorse 12y agoI can see various situations where government intervention in free markets is most decidedly a good thing. For example, food and health industry needs to be regulated. The incentives for self-regulation otherwise are so low, that lots of people die and suffer until the market reaches its supposed optimal equilibrium of high safety standards. Antitrust regulation is an intervention in a free market, though one could argue that without antitrust regulation, there is no free market...
- brazzy 12y agoGoogle "market failure", little Randroid.