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by imgabe
2413 days ago
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Well, people being able to heat their homes, drive places, have abundant inexpensive food and all the other things that oil allows tends to reduce suffering. Is it possible for an industry to increase suffering in a free market? Blood diamonds involve slavery and coercion so that is not really the same. If free people are making free choices to engage in a transaction, it would make sense that they would both only choose things that decrease their own suffering. |
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Consider grocery stores in a typical moderate-sized city and suburbs, where there are 3-4 major chains. You might assume this is a pretty competitive situation, and they should have prices that are pretty close to each other. But the equilibrium seems to be that each one has a different (and frequently changing) set of products that are noticeably cheaper than the others, and a complementary set that are significantly more expensive. A logical explanation of that would be that as long as they guard their prices closely so you can't compare them easily online or whatever, once you go to the store, you are not completely free. If you are buying one thing because it's a good deal, it's easier to buy other things there as well.
The above is something I've noticed first hand, but it's also something I read about years ago from some economist' research paper.
Everything in business is about figuring out how to deny customers freedom at some level. Arguing that the lack of freedom is trivial in a particular example is missing the point that it's a continuous spectrum from trivial inconvenience that makes you spend a dollar more, to brutal slavery, depending on where business activity is bounded by ethics, mores, regulation, etc.
What I'm trying to say is that the term "free market" is always burdened with all sorts of unstated assumptions, so you can't communicate very well by assuming people interpret it the same way.