Earlier quoted context omitted.
Just don't understand how one could be convinced these days of the fundamental conceit that even a properly profitable company is necessarily going to provide good things for people downstream, or for society in general. What is the argument for that in general again? Because to me, if your not Twitter, your Wal Mart or Raytheon or BoA. If your not shittifying a platform you are pushing out small businesses from ever…
>What is the argument for that in general again? Free-market types used to have some assumptions about how free markets are expected to work, then they would derive the result that a free market yields a net benefit to society from those assumptions. Now it is glaringly obvious that a free market can cause a net loss to society, but they still need to believe free markets are good. So they ignore the evidence, and in…
IME 80% of criticisms of “free market” is actually a criticism of government policy (and then the same critics think that more of those policies are called for!)