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by achenatx
990 days ago
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everything you have used as an example is not a free market, it is government interference. 1) slavery was enforced by the government who had use of force to compel. There was no voluntary two party agreements. 2) countries are governmental constructs with barriers enforced by use of force. A polish programmer cant work in the US due to governmental interference. Now that the borders are wide open expect to see programmers exploiting the work loopholes to get work visas that allow them to work at market wages. there is no perfect information and there will always be mismatches. But in a free market those mismatches are temporary. Also the market may be valuing things other than technical prowess (e.g. english proficiency, understanding of cultural norms etc) |
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Markets only exist in the presence of government. Read David Graeber's Debt if you want a history of how markets and money work - generally speaking, they are things created by governments, to ease the work of figuring out taxation. Those quarters and nickels and dimes only have value because you know that come tax season, Uncle Sam will knock on your door and ask you for some, and if you don't give them to him, he'll toss you in jail. This creates a demand for those coins, and therefore a market for them, so now Uncle Sam can pay his soldiers in coin, the soldiers trade it with civilians for food and lodging and boom, it's a market!
You seem to be doing that thing where you want to believe the world is fair, so you invent this magical free market to be able to pretend that life is fair.
To paraphrase Dan Luu: markets are people, all the way down.
you can read https://danluu.com/hiring-lemons/ and https://danluu.com/talent/
for more info.