4 ms·
'the logic of the free market, which is that the government should redistribute wealth' I do not think this is correct. The free market is a way by itself to d
by Gys 11y ago
'the logic of the free market, which is that the government should redistribute wealth'
I do not think this is correct. The free market is a way by itself to distributes wealth. 'Re'-distributing wealth would mean the government interfering. For example by setting fixed prices so drivers earn more money and Uber making less profit (higher losses ;-) (and/or passengers paying higher prices).
- overpaidgoogler 11y agoYes, restrictions on prices indirectly redistribute wealth. But what I was saying was that the government should only redistribute wealth directly, via welfare and taxes (eg income, sales or vat).
- deleted 11y ago[deleted]
- Gys 11y agoYou say less regulation means higher prices ?! From https://en.wikipedia.org/wiki/Free_market https://en.wikipedia.org/wiki/Free_market 'A free market is a market system in which the prices for goods and services are set freely by consent between vendors and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.' So if supply is higher then demand, for example a kind of unlimited number of taxi's, then the prices go down. I think in theory with easy entrance to a market the prices can drop as low as variable costs. But I cannot find a reference to that at the moment.
- amelius 11y ago> The free market is a way by itself to distributes wealth. The free market only causes agglutination of money.