Re:Texas power crisis revealed flaw in market’s design
by specialist on Wednesday February 09, 2022 @10:23AM
(#30273653)
Markets are open, gray, black, or closed. There are no "free markets".
"Free markets" rhetoric is a catchy slogan for might makes right. No contracts, no rule of law, no fair and impartial arbitrators, no opportunity for recourse (tort). So not a market.
"Free markets" rhetoric is a catchy slogan for might makes right. No contracts, no rule of law, no fair and impartial arbitrators, no opportunity for recourse (tort). So not a market.