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by munk-a
2546 days ago
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That is just one definition though, the "free market" that America has right now reads as "Yes, No, Yes, Yes" in particular though I'd disagree with the last point - a fair free market would incorporate things that tend to be cost externalities into the true costs of goods - leveling a mountain to mine coal or fishing a bank to extinction are costs that society cares about and are things that should be incorporated into the cost. To reinforce the point a bit - if, for instance, over fishing is unpunished, regulated or otherwise incorporated into costs then failing to over fish will result in a competitive disadvantage that the market will punish. In this case acting in a way that ensures a long term benefit to society is being actively punished by society's rules - and the system is illogical. |
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