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As always, these items are only presented as "problems" because of the presence of government. So when government steps in and solves them, all pro-state individuals shout a glorious "Hurray, take that free-market!!'. >Seat Belts: If individuals wanted them, the car companies would have followed suit. You forget that not only were seat belts mandated to be installed, but people were FINED if they didn't put them on. >Air Bags: If there wasn't a state, I'm sure you'd have safety organizations putting out reports/studies about effectiveness of air bags. Rich people would buy them in their cars, poor people wouldn't, and they don't do that now anyways. Not sure how you see this is as something "government" fixed as it's different to seat belts, which are mandated? >Fuel efficiency: Ah yes, another environmental tax meant to incentivize good behavior. Let me know how that's working out. All this does is drive up the cost of cars unnecessarily under the pretense of environmental benefits. Again, if people wanted it, you wouldn't have to force them to do it. This is the basic basic difference that most pro-market, and anti-market sentiments boil down to. >Racial discrimination: This was enforced and perpetuated by state laws. Some would argue it still happens today with certain mandatory sentencing laws, minimum wage, etc. >Taxation without representation. What? You want the market to solve a problem that solely exists because of the state, revolves around the state, and is absolutely not subject to any market forces at all? Perhaps if I could "choose" where my tax money was spent, then there would be some sort of market force driven by individuals. But that's nowhere near the case. Now, a little more on-topic. You are absolutely right that we can't rely on the market to solve all problems, but in the presence of a state. The temptation is always there to "correct" or "slightly nudge" the market in directions we want it to go, rather than what the collective unconscious has decided. The free-market is more democracy than democracy is right now, and people fundamentally can not accept that. |
“People of the same trade seldom meet together... but the conversation ends in a conspiracy against the public,...”
Corporations have vast resources and capabilities far beyond those of the individual and frequently use them against us for their own benefit. Tobacco companies faked and suppressed research and knowingly lied in their advertising. Car companies fought seat belts and air bags tooth and nail. Few companies campaign for minimum quality standards in their categories of products, yet information about quality are essential to informed participation by purchasers in any market.
Ideally each of us indivudualy should be fully informed about every decision we make, but the fact is it's simply not possible. So instead we delegate responsibility for many of these decisions to our leaders. They regulate markets on our behalf and increase the efficiency of markets by performing necessary research, standardisation and negotiations on quality once so we can all benefit from it every time we make a purchase.
Appropriate regulation of markets is essential to their function, and delegation of responsibility based on democratic choice is itself a market mechanism. Of course there are arguments to be made about the appropriate level and type of regulation.