Post by Hoosier Hillbilly on Jan 21, 2014 6:47:57 GMT -5
People often worry that unregulated markets will not sufficiently provide good things: education, charity, diversity of opinion, art, etc. It is also commonly believed that markets allow too many bad things: racism, discrimination, environmental degradation, consumer scams, low quality or dangerous products, etc.
*=* The irony is that there is abundant evidence of just the opposite.*=*
www.valuesandcapitalism.com/dialogue/economics/when-market-delivers-too-much-good-thing-and-too-little-bad-thing
Other Excerpts:
When there is too much racism, environmental destruction, financial risk taking or other bad things, there is nearly always a government policy making these things cheaper than they are in a free market. When there is not enough benevolence, consumer protection, choice, education or other good things, there is nearly always a government policy making these things more expensive than they are in a free market.
*=* The irony is that there is abundant evidence of just the opposite.*=*
www.valuesandcapitalism.com/dialogue/economics/when-market-delivers-too-much-good-thing-and-too-little-bad-thing
Other Excerpts:
When there is too much racism, environmental destruction, financial risk taking or other bad things, there is nearly always a government policy making these things cheaper than they are in a free market. When there is not enough benevolence, consumer protection, choice, education or other good things, there is nearly always a government policy making these things more expensive than they are in a free market.