Comment by awesome_dude
1 day ago
This is one of my key arguments AGAINST "libertarianism" - a proper functioning market has three things, consumers, producers, and regulators, and they each need to be well balanced.
If producers have too much power in the market we see distortion, eg. When monopolies exist.
If consumers have too much power in the market we see exploitation.
If regulators have too much power in the market we see stagflation.
Markets don't operate efficiently without all three components.
Yeah I'm actually with you on this. The government is part of the market no matter what. Through action or inaction they are still a critical player.
But I think we often miss the messaging on regulators. In some way I agree with the right. It's a waste of money. But ones creating the waste isn't the government, it's those that need to be regulated
What do you consider an "efficient market" to look like? Do you just mean one that tends towards outcomes you personally deem important?
What don't you understand?
Do you just mean that you are trying to troll people into political arguments where you personally deem that only you know the truth?
....what?