Comment

Friday Night Open

595
Obdicut (Now with 2% less brain)9/24/2011 10:25:21 am PDT

re: #594 ggt

Yes. And it’s easy to see how many times a market economy is really a command economy, where people can choose to either sell their labor at the price dictated by the one company, or group of companies in collusion, or starve. The latter choice is not a real choice.

The bargaining and competitive aspect of a market economy is great, but many advocates of market capitalism overlook that there’s many ways for a market economy to lose that aspect of bargain and competition and become every bit as restrictive as a planned economy.