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by BrenBarn
500 days ago
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> What's wrong with people getting rich by producing goods and services, and selling these to willing buyers? If you take this sentence and change "people getting rich" to something else (like "fomenting drug addiction" or "polluting the environment"), does anything change? Whether the inequality is a result of "selling goods to willing buyers" is a complete red herring. If that consequence is bad, it doesn't really matter whether it's a result of supposedly "fair" market exchanges. Others have already pointed out that it's not really plausible to avoid the "different" problems you mention while still allowing unlimited wealth inequality. But aside from that, how do you know that the buyers are willing? What is the set of alternatives being considered to decide if a person is "willingly" choosing a certain product? It's difficult to even maintain the pretense of "willing buyers" in a "free market" when some individuals control a large market share. Miners living in a company town were "willing" to buy groceries from the company store in the sense that they needed to buy groceries, but they didn't really have any other options for how to express their "market preference". Even if markets were free, there's nothing inherently good about a free market. What's good is a free society, where people in aggregate have substantive freedom to do what makes them happy. That goal isn't furthered by allowing a small number of wealthy people to pursue their goals while a large number of less wealthy people are unable to do so. |
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False equivalency. It is possible to gain wealth without performing any of the listed/possible negative global effects. Furthermore, it is a backdoor towards injecting ideas of poverty being a morally positive position.
> Even if markets were free, there's nothing inherently good about a free market. What's good is a free society, where people in aggregate have substantive freedom to do what makes them happy.
Having a free society implies the freedom to exchange with each other with minimal restrictions. Not allowing people to do so runs opposite to the ideals of the stated intention.
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All that being said, that *doesn't* mean that the current market's working as intended. What has been inherited is a complex tangled ball of national ideals, personal & corporate persuasions to governments for their own reasons/goals, & consistent global coordination failures when circumstances change.
But the outright banning of markets is equivalent to the banning of hammers, just because hammers are sometimes used to bludgeon people to death. It is ultimately a tool, and a very useful one in terms of signaling demand & supply.