Re:Israel Proves the Desalination Era Is Here
by aminok on Saturday July 30, 2016 @08:11PM
(#12195180)
You can't compare the isolated instances of people starving in developing free market economies, e.g. the US circa 1880, to the mass starvation and economic strangulation caused by communism.
>Does the fact that Sweden adopted welfare not tell you something about the consequences of their free markets? The free market was just so awesome that they passed welfare for all the rich Swedes who didn't need it?
People are shortsighted when voting. They are easily misled by election promises that give them short-term benefits at the expense of long-term development. In the long run it is much better to sacrifice short-term benefits for greater long-term growth period that will maximize the rise in standard of living and life expectancy.
Re:Israel Proves the Desalination Era Is Here
by dpark on Saturday July 30, 2016 @10:33PM
(#12195469)
Certainly I'd choose a free market over communist Russia. But I'd take modern American it European policies over the raw free market. I'd like to not starve if I go broke.
Re:Israel Proves the Desalination Era Is Here
by aminok on Monday August 01, 2016 @05:42PM
(#12206281)
Because you have zero risk bias. Faster economic development reduces overall risk of mortality more rapidly than lower rates, and there is good theoretical and empirical reason to believe the unadulturated free market maximizes the rate of economic development. This holds true even if risk of starvation is not zero percent in an unadulterated free market.
Re:Israel Proves the Desalination Era Is Here
by duaneb on Tuesday August 02, 2016 @05:48AM
(#12208785)
Until you exhaust your resources. Then you just die.
The only thing a free market does perfectly is use resources as fast as humanly possible. Efficiently, of course. Why waste resource you can't profit from?
Re:Israel Proves the Desalination Era Is Here
by aminok on Wednesday August 03, 2016 @04:05PM
(#12221063)
Even resource conservation is done better in a free market, because it responds to anticipated future shortages by raising the current price of the commodity, leading to more responsible consumption.
In a completely free market, how does someone without money not starve?
> I don't know if you know this but Sweden was the most free market economy in the world from 1870 to 1950. After it adopted social welfare is in the 1970s, its growth stagnated.
I have no idea if this is even remotely true, but I'll assume for a moment that it is. Does the fact that Sweden adopted welfare not tell you something about the consequences of their free markets? The free market was just so awesome that they passed welfare for all the rich Swedes who didn't need it?