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the price disseminates knowledge, perfect anything is a straw man.
originally posted by: ScepticScot
a reply to: Semicollegiate
Of course the free market provides perfect results assuming of course that all participants have perfect knowledge
As rational as democracy, or at least as rational as people just plain are.
and are rational,
externalities are reflected by the cost
that there are no externalities,
there are no monopolies in a free market
that there is no monopoly power,
Income will always buy more in a free market as compared to any other system. Power is minimized in a free market as compared to any other system. Income inequality and power imbalances are smallest in a free market.
that income inequality and power imbalance does not force people to act in ways that are against their own interest,
If they are a problem then competition will take them out.
and of course that companies/corporations are really honest players in a truly free market.
Does that sound like reality?
originally posted by: daskakik
a reply to: Semicollegiate
And still not a single real world example.
If that were true I wouldn't pay income taxes or have a Social Security number. Lefties are always imposing their beliefs upon others.
Lefties are theocratic because they believe in their God, the State. The State has mystical powers of omnipotence to make the environment just right and divine omnipotent insight into the needs ands wants of all Lefty believers.
Actually it was a centrist document
Under LEFTIST delusions that power has been bastardized in to paying the peoples bills.
It has been de-regulated capitalism that has caused the need for the government to step-up and help pay people's bills.
originally posted by: NihilistSanta
a reply to: introvert
Yet the government has intervened on the subject of illegal drugs and created a perfectly functioning and empowered black market. Freaky lol.
originally posted by: ScepticScot
a reply to: NihilistSanta
I actually agree however I think people on both sides of the political scale are are often blind to the essential uselessness of looking at politics as either left or right (irony intended). I by the very nature of this site think most people here agree that that overly authoritarian states are the problem. The disagreement is over what social/economics model best preserves peoples freedoms, strong or weak state institutions.
originally posted by: introvert
a reply to: neo96
The "war on poverty" is a joke as well.
What put the final nail in our coffin was the repeal of Glass-Steagall which allowed the banks to screw us over. Then we bailed them out without learning our lesson.
Our economic health is directly tied to regulation, or lack thereof.
Also, did you know that taxes are, at this point and time, very low when compared to the tax rates paid in previous years?
Taxed out the wahzoo is simply wrong.
Three trillion dollars is a lot of money. Just imagine what you could do with $3 trillion. The possibilities are practically limitless. Of course no one is worth $3 trillion, individually. However, the United States Federal Government recently reported that for the 2014 fiscal year it collected more than $3 trillion in tax revenue, for the first time ever.
originally posted by: ScepticScot
a reply to: Semicollegiate
Perfect knowledge and rational man are cornerstones of the assumptions of how markets work in economics. I assumed you knew that.
Externalities are by definition not included in the cost.
By what mechanism are there no monopolies in a free market?
Can you provide any evidence that free markets reduce inequality or is this you projecting your political ideology onto how you want economics to work?
Without regulation/oversight what mechanism prevents companies lying to distort markets?