"The free market will sort it out" the free market sorted out child labour by saying yes please and we had to pass a law.
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"The free market will sort it out" the free market sorted out child labour by saying yes please and we had to pass a law. That's how the free market sorts things out.
@Daojoan getting into the specifics of how the labor laws were passed, you see further how the free market operates in practice,
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"The free market will sort it out" the free market sorted out child labour by saying yes please and we had to pass a law. That's how the free market sorts things out.
A large sledgehammer makes it behave well
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"The free market will sort it out" the free market sorted out child labour by saying yes please and we had to pass a law. That's how the free market sorts things out.
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"The free market will sort it out" the free market sorted out child labour by saying yes please and we had to pass a law. That's how the free market sorts things out.
The more risk is involved in a transaction, the more regulation is required, both from within and without.
The "Free" Market is a glib lie. We want a Fair Market.
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"The free market will sort it out" the free market sorted out child labour by saying yes please and we had to pass a law. That's how the free market sorts things out.
Neoliberal capitalism only cares about profit. It is a race to the bottom where in the end winner takes all. Humans are not even part of the equation, neither is wellbeing…
The model is wrong. -
"The free market will sort it out" the free market sorted out child labour by saying yes please and we had to pass a law. That's how the free market sorts things out.
@Daojoan “free markets” are a myth in any case. There are all sorts of constraints on any market, only some of which are intentional.
The legal constraints we do or don’t choose to apply reflect the morality of those in power, and power is certainly not brokered in a “free market”.
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Neoliberal capitalism only cares about profit. It is a race to the bottom where in the end winner takes all. Humans are not even part of the equation, neither is wellbeing…
The model is wrong. -
"The free market will sort it out" the free market sorted out child labour by saying yes please and we had to pass a law. That's how the free market sorts things out.
@Daojoan as much as I agree with the sentiment, I think it should be directed at capitalism not at free market. Free market existed way before capitalism. Capitalism is the privilege given to the owning class. Equating The two (capitalism and free market) is propaganda. The free market without privilege looks like a farmers market, like a bazaar, not like a factory or Wall Street.
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@Daojoan as much as I agree with the sentiment, I think it should be directed at capitalism not at free market. Free market existed way before capitalism. Capitalism is the privilege given to the owning class. Equating The two (capitalism and free market) is propaganda. The free market without privilege looks like a farmers market, like a bazaar, not like a factory or Wall Street.
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"The free market will sort it out" the free market sorted out child labour by saying yes please and we had to pass a law. That's how the free market sorts things out.
@Daojoan Free market economics as a concept is inherently an evolution-worshipping theory. The idea that the market simply naturally grows into the best shape as long as we don't ever interfere in it is essentially saying we trust the processes of evolution to always produce "best". When TARP was in the news I saw explicit references to evolutionary processes – namely, that bailouts would support weak businesses that "should" be culled out by natural selection (not that I agree with TARP per se)
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"The free market will sort it out" the free market sorted out child labour by saying yes please and we had to pass a law. That's how the free market sorts things out.
@Daojoan But the Dow is at 50,000 !
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@dzwiedziu yes, It was my default. To clarify - it's a capitalist propaganda. They want to be associated with freedom. They try to disassociate themselves from power saying "crony capitalism". But there's no "non-crony capitalism". @Daojoan
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@Daojoan Free market economics as a concept is inherently an evolution-worshipping theory. The idea that the market simply naturally grows into the best shape as long as we don't ever interfere in it is essentially saying we trust the processes of evolution to always produce "best". When TARP was in the news I saw explicit references to evolutionary processes – namely, that bailouts would support weak businesses that "should" be culled out by natural selection (not that I agree with TARP per se)
(it's also inherently reliant on not understanding evolution of course. I think we should teach evolution in non-biological systems, calling it something other than "evolution", in schools, so people can have the background to understand what a joke free-market economics is on a macro scale while keeping it under the radar of evangelicals)
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"The free market will sort it out" the free market sorted out child labour by saying yes please and we had to pass a law. That's how the free market sorts things out.
@Daojoan That's why I favor a non-market approach to things. -
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