This is what happens when you have economic cooperation
October 8, 2024
This is what happens when you have economic cooperation
https://v.redd.it/1mcu9edhwltd1
by delugepro
4 comments
Economics is not about oneliners…
I know, ancappers and libertarians have difficulties understanding this.
> There’s not a single person in the world who could make this pencil.
John Plant: Hold my beer!
Yes, but…
Unrestricted, the free market has also fostered child labor, slave labor, environmental disasters, medications that cost hundreds of thousands of dollars per dose…
Yes, the free market is necessary – but so are reasonable regulations and protections and sometimes gov’t intervention to make sure the free market doesn’t deteriorate into a broken market – a monopoly, for example, and also to make sure the true cost of goods are included in the price. The true cost of goods includes the environmental impact of making and using those goods.
“With the help of the British government”=colonization, he’s speaking about colonization.
4 comments
Economics is not about oneliners…
I know, ancappers and libertarians have difficulties understanding this.
> There’s not a single person in the world who could make this pencil.
John Plant: Hold my beer!
Yes, but…
Unrestricted, the free market has also fostered child labor, slave labor, environmental disasters, medications that cost hundreds of thousands of dollars per dose…
Yes, the free market is necessary – but so are reasonable regulations and protections and sometimes gov’t intervention to make sure the free market doesn’t deteriorate into a broken market – a monopoly, for example, and also to make sure the true cost of goods are included in the price. The true cost of goods includes the environmental impact of making and using those goods.
“With the help of the British government”=colonization, he’s speaking about colonization.