JA WestenbergFeb 27
"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.
Show threadLady of Mystery and ScienceFeb 27
@Daojoan
Yeah, everyone thinks the “free market” fixes things, but
1. It doesn’t fix everything
2. Sometimes it takes centuries to get fixed
Show threadNuwagaba GiftFeb 27
@demi
If it doesn't fix everything, how then is it important?
Show threadusmu 🍋🏳️‍🌈🤟Feb 28
@nuwagaba2 @demi
Because it is a mechanism that strenghtens the position of people with money and no concern for those who do not by making them more money. So if you're one of them, you want to keep it.We're living in a capitalist society where more money means more power, so they have the power to make it important, even if it creates problems for others. Problems they themselves have money to deal with.
Show threadWorik

@usmu @nuwagaba2 @demi I dissent

"Free markets" work well when all participants have equal access to information, can come and go and are protected from fraudsters (a role for the state - fraudsters are rare but frequently encounted unless hunted and disabled)

Markets do not make plans

Markets only act in the short term

Those of us who buy and sell trinkets on platforms like Trade Me get an appreciation of Markets

Those of us locked out of decent housing get an entirely different view

Feb 28 at 8:36pmWeb
Show threadNuwagaba GiftFeb 28
@worik
What's the best way of protecting people against fraudsters?
Show threadWorikFeb 28
@nuwagaba2 In the context of a state, and a mixed economy, prosecution