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Re:Life expectancy rise in rich countries slows down: took 3... by valval on Wednesday October 16, 2024 @04:28PM (#41863520)
I’ve studied economics for years and I’m still of the opinion that the only government intervention to the market should be breaking monopolies and cartels. I’m waiting for a piece of literature that would convince me otherwise, maybe you could provide one?
Re:Life expectancy rise in rich countries slows down: took 3... by globular-toast on Wednesday October 16, 2024 @05:56PM (#41864246)
I can't, but I'm curious how you think problems like externalities would sort themselves out. Also what about natural monopolies like utilities and infrastructure that can't really be broken up?
Re:Life expectancy rise in rich countries slows down: took 3... by valval on Thursday October 17, 2024 @04:44PM (#41873567)
I think humans are excellent survivors. I don’t lose sleep over externalities because of that alone. What I mean by that is that once people realise their daily lives are being affected by a negative externality, they start making decisions that alleviate that hardship.

I do recognise though that it’s an unsolved problem, and will lead to some form of regulation as our understanding is lacking.

I think only harmful monopolies should be broken up by force, since they’re a legitimate market force. I’m conceding some ground on that because I’m not prepared to claim that monopolies aren’t always harmless.