Comment by jplusequalt
1 day ago
>Fair, well regulated economies, work
There is not a single fair, well regulated economy in the world. Private interests of those with large amounts of capital skew the markets to their favor.
1 day ago
>Fair, well regulated economies, work
There is not a single fair, well regulated economy in the world. Private interests of those with large amounts of capital skew the markets to their favor.
This is a nirvana fallacy. “There aren’t any that are perfect so why try?”
How fair and well regulated is not a binary option of it is or it isn’t and we can continuously try to make things better.
>we can continuously try to make things better
Who is "we" here? Because the current system is ran by people who have a vested interest in keeping things the same.
Also, I disagree on my comment being a fallacy. I'd almost argue the comment I replied to is a fallacy because it's comparing a theoretical well regulated market to the reality of what we actually have.
It's clear to me that such a thing could never truly work because it would require near omnipotence by whomever the regulating body is in order to prevent actors gaming the market.