Re:Hyundai suspending two US suppliers because of child labor
by pbhjpbhj on Saturday October 22, 2022 @02:25PM
(#33300729)
Really? "Fair" is not at all a free market concept.
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Re:Hyundai suspending two US suppliers because of child labor
by Dylan16807 on Saturday October 22, 2022 @02:45PM
(#33300928)
I don't know why you got downvoted for that.
Fair competition is the ideal state for a market to be in, but a free market is about unrestricted competition and that can easily turn into monopolies or cabals.
Re:Hyundai suspending two US suppliers because of child labor
by phpisthebest on Saturday October 22, 2022 @03:53PM
(#33301554)
Ok then, highlight all the times where a market has resulted in a monopoly with out underling government regulations limiting the ability of new entrants to the market.
Re:Hyundai suspending two US suppliers because of child labor
by beiller on Saturday October 22, 2022 @06:12PM
(#33302682)
I do believe government intervention has many unintended consequences but I'll take a stab at this. How about google search?
Re:Hyundai suspending two US suppliers because of child labor
by phpisthebest on Sunday October 23, 2022 @08:50AM
(#33306561)
That was the obvious rebuttable, and to be honest I have a hard time countering that however the obvious statement is search really a market since it is a "free" product. One has to ask what is the actual market, is it the search engine or the advertising that pays for the search? Google while dominate is not a monopoly for Online Ads, so while they command a 90-95% market share in "online searches" that is not the product they sell so traditional market dynamics are not at play so I am hard pressed to call online search a "free market" given nothing it being sold, what is being sold is the ad space on google search.
Re:Hyundai suspending two US suppliers because of child labor
by guywithahat on Saturday October 22, 2022 @04:24PM
(#33301870)
It's the very definition of a free market concept. The price the market determines for something is the fair price, to charge more or less would be unfair to someone else
Re:Hyundai suspending two US suppliers because of child labor
by WalterSear on Sunday October 23, 2022 @06:52PM
(#33311083)
Ridiculous. You are conflating usage of the term 'fair'.
Fair market value is a reference to what the market will bear, not what is or is not fair.