Philadelphia Poised to Ban Employers from Asking Hires About Salary History

Re:Philadelphia Poised to Ban Employers from Asking Hires Ab... by stephen_g on Saturday January 21, 2017 @11:57PM (#13453657)

That's a statement of faith though (or ideology if you prefer), not a statement of fact. And I think it's built on shaky ground (such as requiring economic systems to tend towards equilibrium, which while perhaps a useful simplifying assumption a few hundred years ago, these days it's looking more like economic systems are actually better modelled as complex dynamic systems that don't necessarily happen in equilibrium).

I think empirically history shows that lack of regulation can be as bad as too much regulation. The reality is more of a balance, and black-and-white faith in the free market solving everything looks more and more to me at least as a dangerous delusion.

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Re:Philadelphia Poised to Ban Employers from Asking Hires Ab... by meanduck on Sunday January 22, 2017 @12:27AM (#13453758)

> I think empirically history shows that lack of regulation can be as bad as too much regulation.

You cannot stop every bad things in the world. Otherwise you will end up creating more unstability and, as a result, worse things.

Libertarianism/Free-Market does not claim to iradicate all the bad things humans do to each other. It just that it will give you best fighting/winning chance.

> The reality is more of a balance, and black-and-white faith in the free market solving everything looks more and more to me at least as a dangerous delusion.

You got it opposite. Its the libertarians believe that world is too complex to be understood by one entity and better left to multiple entities (aka market). Libertarians wont go around claiming they understand the intention of every employers and ban them for asking certain questions.

Free-Market is smallest abstraction. Free-market can reduce to Statism if there is a demand. But Statism wont reduce to free-market.

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