[dachworker]

I would rather we had the US situation where the market was dominated by new publicly traded companies, instead of companies, some of them not even publicly traded, all of which founded many decades, if not centuries ago. It is actually one of our biggest issues that not only is the population physically old, but everything we do is done in such an old fashioned way.

As bad as Google and Facebook may be, they are publicly traded, transparent, their existence gives the US a very good geopolitical asset, their creation lifted a lot of people into out of the middle class into the upper class.

We really cannot say the same about any EU corporation.

[tossandthrow]

That is an absurd dichotomy to setup and plain (bad) rhetorics. No, I would not want either.

I want a market where participants are appraised based on the value they provide to the society.

[nickpp]

> participants are appraised based on the value they provide to the society

How do you measure that? And who decides?

[tossandthrow]

That is up to a fair, well governed, market to decide that.

And before you say something along the lines of: "Well, the market want McDonalds food and snort themselves to death in cocaine" - let's just stop it there and think, in silence, about what a fair market is.

[nickpp]

So what is a "fair market" then? Also "well governed"?!

Free markets on the other hand have already devised pretty effective ways to measure value and allocate resources.

[tossandthrow]

Try pondering on the opposite for a bit: a market where the people with the biggest guns can coerce others to give up valuables. Where participants are actively left to die because the governing body only allow a single person to treat ill people. Etc.

When we have a grasp of an unfair malgoverned market, then we can think about what a fair we'll governed market is.

It is probably not the same for you and I.

[nickpp]

No idea what you are talking about.

> market where the people with the biggest guns can coerce

That is not a free market - free markets require rule of law to function.

> governing body only allow a single person to treat ill people

That is a heavily regulated market. Indeed, the less regulation on a market, the better it works.

Not idea what all this has to do with "fair" or what "fair markets" are.