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by dragonwriter 4372 days ago
> He's saying that free markets tell us what people want, and if you disagree with the "free market" (which is an abstraction, I don't think most things people refer to as free markets actually are the "free markets" of economic textbooks), you're disagreeing with what people actually want.

And while that's a common argument, the obvious problem with it is that free markets weight preferences by existing wealth. $ as a proxy for utils isn't really a valid assumption when people don't have the same quantity of $.