Comment by kuratkull
4 years ago
"Fair" and "free" are almost opposite values in regards to markets, what you want is not "free", you want regulation. Fairness means you got to oppress a party in favor of another party.
4 years ago
"Fair" and "free" are almost opposite values in regards to markets, what you want is not "free", you want regulation. Fairness means you got to oppress a party in favor of another party.
a fair market is one that is devoid of coercive influence by any market participant, almost diametrically opposed to oppressiveness. whereas in a "free" market, oppression is the expected steady-state, because it inherently invites manipulation to produce advantage, as with any game (in the academic sense) without rules. try playing basketball without rules and see what happens.
It seems you are making up words. "Fair market" doesn't even seem to be a thing - not surprised really.
You are hitting the nail on the head. Most times, people are looking for utopian solutions. In a large market where people have different incentives, non-dominating solutions do not exist. There are options and implications. We get to choose from what we have (with implications) not some ideal situation we have dreamt in our mind. Currently, everyone wants to have their cake, eat it and the cherry on the top. Later even complain about the cherry not being sweet.
This is "mah free market" perspective where 'freedom' is the law of the jungle.
They somehow think that this brand of 'freedom' without regulation will not decent into rule of the strongest and basically tyrany, just like it has every time in history.
They have not heard about standard oil market manipulation, railway monopolies, the Phoebus Cartel and others
They do not understand that regulation is what stands in the way of other people taking your freedoms.