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by czzr
463 days ago
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There are different ways to allocate resources in a society. They have different trade-offs and failure modes, and the best systems try to solve problems using the right allocation mechanism (so, mining copper -> free market, building computers -> free market, water rights -> tightly regulated and/or government controlled, utility networks -> tightly regulated, setting interest rates -> independent central bank, national defense -> government controlled, and so on). Reducing that to free markets = good, governments = bad (or vice versa) is a truly terrible way to think about effective society design. |
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