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henry2023 3 days ago

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hx8 3 days ago | parent | next [-]

Sometimes politicians beat the drum about free markets when they want to privatize currently public services. Sometimes politicians beat the drum about free markets when they want to modify regulations to favor their favorite businesses. It's always treated as some fantastical force that will magically provide efficient solutions.

Sometimes the most efficient solution is to collaborate in the way only a government can organize. Sometimes regulations do more good than harm. If someone cannot articulate exactly why their proposal is a good idea and instead relies on repeating myths then be wary.

user3939382 3 days ago | parent | prev [-]

Free market presupposes no regulatory capture which I’m pretty sure is inevitable under any framework