22 Jun
2012
22 Jun
'12
2:42 a.m.
Craig Sanders wrote:
To start with, their foundational article of faith, the "free market" that they bleat on and on about does not exist, never has existed, and never can exist - it's a theoretical ideal that assumes a perfectly frictionless market with perfectly *rational* actors (both buyers and sellers) who *always* act in their own best interest, and that there are no systemic factors that inhibit competition. It's a thought-experiment, not a description (or even a prescription) of the real world.
+1, thank you for putting it so succinctly.