Pandora papers: biggest leak of offshore data exposes financial secrets of rich

Re:Pandora papers: biggest leak of offshore data exposes fin... by einpoklum on Sunday October 03, 2021 @02:22PM (#28739292)

"Free" and "market" are contradictions. Markets exist when individuals can amass capital irrespective of wider social needs, and this necessarily requires armed force, or the threat of armed force, to prevent people from collectively deciding about resource allocation. That's the state. Naturally the state also enforces many things besides ownership of capital, some of them better (like minimum wage and health and safety codes) and some worse. But the point is that even if you had the fantastical and anti-realistic "perfect information", markets wouldn't be "free".

At the same time, markets do "work". That is, the results of market interactions are what you might expect from market interactions: Accumulation of capital in fewer hands, economic cycles of various kinds, some motivation for innovation and lots of innovation for exploitation, war, scams and such...

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Re:Pandora papers: biggest leak of offshore data exposes fin... by me_me_me on Monday October 04, 2021 @05:35AM (#28744768)

You are being downvoted and its quite disturbing.

And you even didn't say anything controversial, hardly any options, but simple facts and conclusions drawn from the facts.

We can even bring out the comments by the Chicago school of economics - the birthplace of neoliberal free market ideology. Who with assistance from the government 'helped' south American countries by implementing more free markets than in USA. And as the result those countries imploded both politically and economically, and what does Chicago say? well obviously markets were not free enough.

They laugh at communist who say failed soviet counties were not communist enough, yet they do exact same thing with their experiments (actually, the difference is that they inflicted it on other countries).

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Re:Pandora papers: biggest leak of offshore data exposes fin... by hardlianotion on Monday October 04, 2021 @06:39AM (#28745091)

> (actually, the difference is that they inflicted it on other countries) No difference there. Soviet communism was all about exportation.

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Re:Pandora papers: biggest leak of offshore data exposes fin... by me_me_me on Monday October 04, 2021 @06:52AM (#28745151)

As any ideology does, but soviet communism an oppose to radical free market was also self inflicted.

Which begs a question, if neoliberals believe in what they preach then why they only export it?

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Re:Pandora papers: biggest leak of offshore data exposes fin... by mbrodersen on Tuesday October 05, 2021 @08:15PM (#28767509)

There is no such thing as “free” markets in the US or any other country. All markets are defined and limited by the laws, rules, and regulations in place to enable the market to exist in the first place. Unless you are talking about the “free market” of a lawless failed stare.

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Re:Pandora papers: biggest leak of offshore data exposes fin... by hoseja on Monday October 04, 2021 @03:39AM (#28744136)

Also, sadly, unmatched competetiveness in the real world. Markets and states evolved because they out-murdered and out-robusted all other forms of organizing.

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