← Back to context Comment by anthonypasq 2 months ago correct, both of those things are examples of free markets 6 comments anthonypasq Reply Betelbuddy 2 months ago Adam Smith had already clarified free market refers to a market free from all forms of economic privilege, monopolies and artificial scarcities.You are confusing market outcome with market structure. Aurornis 2 months ago But where is the monopoly here? Nobody has a monopoly on housing supply or DRAM production.Nobody is making an artificial scarcity. They’re producing as much as they can.You can buy the exact same DRAM that the data centers are bidding on. blactuary 2 months ago There is absolutely artificial scarcity in the housing market, it is one of the biggest problems we face as a country Xunjin 2 months ago Good point, however we can't miss the history which shows that free market are not achievable, in some fields of economic is seen as "fairy tale". Betelbuddy 2 months ago Even dumb Greenspan already knew we dont want unregulated..."free" markets: https://youtu.be/AWM0l8_F_X0?t=412 blactuary 2 months ago Incumbent owners preventing the construction of more supply to maintain their own property values is not "free market". This is very basic stuff
Betelbuddy 2 months ago Adam Smith had already clarified free market refers to a market free from all forms of economic privilege, monopolies and artificial scarcities.You are confusing market outcome with market structure. Aurornis 2 months ago But where is the monopoly here? Nobody has a monopoly on housing supply or DRAM production.Nobody is making an artificial scarcity. They’re producing as much as they can.You can buy the exact same DRAM that the data centers are bidding on. blactuary 2 months ago There is absolutely artificial scarcity in the housing market, it is one of the biggest problems we face as a country Xunjin 2 months ago Good point, however we can't miss the history which shows that free market are not achievable, in some fields of economic is seen as "fairy tale". Betelbuddy 2 months ago Even dumb Greenspan already knew we dont want unregulated..."free" markets: https://youtu.be/AWM0l8_F_X0?t=412
Aurornis 2 months ago But where is the monopoly here? Nobody has a monopoly on housing supply or DRAM production.Nobody is making an artificial scarcity. They’re producing as much as they can.You can buy the exact same DRAM that the data centers are bidding on. blactuary 2 months ago There is absolutely artificial scarcity in the housing market, it is one of the biggest problems we face as a country
blactuary 2 months ago There is absolutely artificial scarcity in the housing market, it is one of the biggest problems we face as a country
Xunjin 2 months ago Good point, however we can't miss the history which shows that free market are not achievable, in some fields of economic is seen as "fairy tale". Betelbuddy 2 months ago Even dumb Greenspan already knew we dont want unregulated..."free" markets: https://youtu.be/AWM0l8_F_X0?t=412
Betelbuddy 2 months ago Even dumb Greenspan already knew we dont want unregulated..."free" markets: https://youtu.be/AWM0l8_F_X0?t=412
blactuary 2 months ago Incumbent owners preventing the construction of more supply to maintain their own property values is not "free market". This is very basic stuff
Adam Smith had already clarified free market refers to a market free from all forms of economic privilege, monopolies and artificial scarcities.
You are confusing market outcome with market structure.
But where is the monopoly here? Nobody has a monopoly on housing supply or DRAM production.
Nobody is making an artificial scarcity. They’re producing as much as they can.
You can buy the exact same DRAM that the data centers are bidding on.
There is absolutely artificial scarcity in the housing market, it is one of the biggest problems we face as a country
Good point, however we can't miss the history which shows that free market are not achievable, in some fields of economic is seen as "fairy tale".
Even dumb Greenspan already knew we dont want unregulated..."free" markets: https://youtu.be/AWM0l8_F_X0?t=412
Incumbent owners preventing the construction of more supply to maintain their own property values is not "free market". This is very basic stuff