Re:Analysis of the United Airlines passenger removal incident
by maze-le on Thursday April 20, 2017 @06:50AM
(#14155563)
Well, if that is the case, the free market is a pureley theoretical concept, that is not realized anywhere in the world. And it cannot be realized, because there is always inevitable some form of information assymetry.
Re:Analysis of the United Airlines passenger removal incident
by narag on Friday April 21, 2017 @01:04AM
(#14163206)
Something can be a theoretical concept and still useful. For politics you might want to favour transparency instead of obscurity.
As an employee in software I've been working through intermediaries for a good part of my career, so obviously interested.
I suspect that, at least in my country, it's more a matter of bad regulation than of information assymetry. But the mere fact that we're not sure which are the causes is in itself information assymetry.
Re:Analysis of the United Airlines passenger removal incident
by baq on Thursday April 20, 2017 @08:47AM
(#14156142)
economics 101 right here. free market is a theoretical model.
Re:Analysis of the United Airlines passenger removal incident
by makomk on Thursday April 20, 2017 @06:42AM
(#14155525)
Since there is inevitably going to be information asymmetry, this is rather a "no true scotsman" approach to redirecting blame away for the problems that plague free markets in the real world.
Re:Analysis of the United Airlines passenger removal incident
by scrollaway on Thursday April 20, 2017 @08:35AM
(#14156053)
"I support our free market! But since our free market isn't really a free market, I'm still right and it's not my fault if things go wrong!"
https://en.wikipedia.org/wiki/Free_market
It says that there is a less assuming version, but I'd always heard the information thing.