Divi Tiberio, I simply do not think you are as naive as you come across. When you speak of the invisible hand of the market you sound like Drippy whining about his fucking god and with good reason. Neither exist. In the case at hand these corporate cocksuckers are buying influence and access to government to pass laws (which they are writing for their wholly owned legislative subsidiaries) to introduce and which do exactly the opposite of what you claim capitalism is all about. They are corrupting markets by stealing everything that isn't nailed down.
Kindly wake up. You are smarter than this. Which makes me suspicious of your motives.
Meanwhile.....
You can whine about this one too.
http://www.dailykos.com/story/2014/02/03...tail=email
Kindly wake up. You are smarter than this. Which makes me suspicious of your motives.
Meanwhile.....
You can whine about this one too.
http://www.dailykos.com/story/2014/02/03...tail=email
Quote:When economists talk about how a market "regulates itself," what they mean is that markets reach an equilibrium between supply and demand.
This says nothing about whether or not this equilibrium will be a good thing for society. It simply states that if consumers choose what to buy and producers choose what to sell and how to produce it, the market settles on a product distribution and prices.
Lately, many people I know have argued that "free markets" mean something more. They see markets as ethically right or ethically moral, meaning pursuit of profit always somehow leads to a greater good.
Unfortunately, morality isn't built into markets.
Markets were fine with child labor and slavery. Both were viewed simply as cheap sources of labor. It wasn't until people fought against child labor and slavery that these things became unacceptable in a market (at least in most Western countries).
This is why markets must be subject to other forces such as ethics and government if we want them to work for the benefit of the many (not just a select few).
