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by pdonis
290 days ago
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> because humans are shit at governing, the only viable way (until someone invents something new) is external control. No, that's even worse, because, as you admit, humans are shit at governing--and the "external control" is just more humans being shit at governing, but with a much bigger negative impact because the scope of their shitty governing covers many more people. Advocates of free markets, like me, don't advocate them because we think they solve all problems. We advocate them because, given the fact that humans are shit at governing, free markets are the least worst of the alternatives open to us. Big market players who still have to make money through voluntary transactions do less damage than governments run by humans who are shit at governing. That's the lesson of human history. Unfortunately most of us still haven't learned it, and continue to cling to the foolish belief that somehow calling a bunch of humans a "government" magically makes them no longer shit at governing. It doesn't. |
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My point was that free market is kinda like unstable isotope, it can't exist for any significant length of time and will decay into a government. As soon as some corporation starts dictating its rules to an unrelated people, we can call it a proto-government. The department responsible for those unrelated people would be a proto-executive branch, the law department would be a proto-legislative branch etc.
And to address your second comment, about competition:
Competition can't work in the free market. The instant external control ceases to exist, the most shrewd and smart players would start employing all kinds of currently illegal shit. They will buy out all media and platform to blast their ads 24/7 and disallow all competition. They will swithch to currently banned practices and materials to save costs and undercut competitors. They will switch to slave work to save costs etc. As soon as one player becomes relatively bigger the rules of free market will allow him to accumulate more and more benefits of the kind I've described. Any competition would be woefully behind, outdated and overpriced relative to the bigger player. And that's assuming elastic market. As soon as market for some goods becomes inelastic, bigger player can do even more damage. For example they can completely buy out some resource or manufacturing capacity of a crucial component or resource and completely deny it to the competitors.
Basically the whole human history and law corpus is a list of examples how free market failed and how humans had to fix it via restrictions.