Free market efficiency

Aug 27, 2021 4:41 PM

nonqua

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Soundtracks: https://www.youtube.com/watch?v=rSffLmJ99PY - Christian Death - This is Heresy, and https://www.youtube.com/watch?v=jxmZZBJQAKM - Sultans of Ping FC - Oi! Where's Me Jumper?

economics

oc

mammonunregulated

It's efficient at pooling money in large volume in few places.

4 years ago | Likes 3 Dislikes 1

Even Adam Smith knew the so called "Invisible Hand, [currently: {musk,bezos,zuck,arnault, ...et al.}]" posed the very real threat that "unfettered regulation of business would result in businessmen hijacking the economy to maximize their profits at the expense of society. " ref: https://gutenberg.edu/adam-smith-was-no-laissez-faire-ideologue/#:~:text=Adam%20Smith%20did%20not%20believe,mercantilists%20in%20England%20were%20doing.

2 years ago | Likes 2 Dislikes 0