Comment by hshdhdhj4444
1 day ago
Markets depend on regulations.
Free market absolutists don’t know what they are talking about.
The actual originators of market capitalism, most famously Adam Smith, but also proponents like Milton Friedman, had no such confusion.
In reality, today’s free market absolutists don’t get their ideas from economists (even free market economists). Instead, they get their ideas from terrible mid 20th century novelists (I’ll let you figure out who I’m talking about), who didn’t know much about how anything worked, never mind economics.
What is the point of responding to someone if you're going to completely ignore everything they say? Serious question, I'm curious what compels you to do this. Especially in such an arrogant and condescending way.
What you said is a bigger fantasy than the complete history of fundamentalist Marxism. There are precisely zero examples of a Laissez-faire economy succeeding in the real world. It is a wholecloth fiction.
If you'd like to reconsider your stance from a realpolitik perspective, it might clarify the parent's response.
Can you be specific about what I said being a complete fantasy? I feel like you're trying to extrapolate some view of economics onto me when I was making the point that there are reasonable arguments that can be made against government intervention. Or is that it, you don't even think a reasonable argument can be made? If so I would call that ideological, not reasonable.
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“There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs." -- John Rogers