The concept of free market means the government is allowing the vulnerable to be exploited. Market freedom is a freedom to exploit.
Every market process involves more than just financial costs and benefits of doing business. Looking at just the financial benefits; versus costs, means important considerations in the process of production are missed. Pollution, long run consequences, and costs to others are not factored in by market price forces-resources become under-priced.
Free markets become 'free,' as they don't factor in all the true costs of production. To the producer, these markets create seeming 'free profit' paid for by everybody else.
No comments:
Post a Comment