Just checking if other people think along the same lines I do. Apparently at least two do.
Free market libertarians argue that we've never had a truly free market, and all the anomalies such as tendency to gravitate towards monopolies and such is because there has been regulation. Everyone else argues that this is bollocks. It's similar to the Marxist argument that the Soviet Union failed because it hadn't gone through the industrial revolution yet and wasn't ripe for the system, and if it came now, it'd work a lot better -- essentially the point is that what could otherwise be used as evidence to the contrary is inadmissible because it was gathered from a faulty version of the philosophy being defended.
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timeasmymeasure
Re: Balance?
Date: 2005-05-16 08:31 am (UTC)Free market libertarians argue that we've never had a truly free market, and all the anomalies such as tendency to gravitate towards monopolies and such is because there has been regulation. Everyone else argues that this is bollocks. It's similar to the Marxist argument that the Soviet Union failed because it hadn't gone through the industrial revolution yet and wasn't ripe for the system, and if it came now, it'd work a lot better -- essentially the point is that what could otherwise be used as evidence to the contrary is inadmissible because it was gathered from a faulty version of the philosophy being defended.