An investment in a company is not a "hoard".
You're free to make up your own definitions of words, but it doesn't work to expect others to adhere to them.
> it's a waste of my time to engage with you
I'm definitely the wrong person if you want to only engage with people who agree with you.
I'm satisfied just letting you know there is a case for free markets. I also admit that it is not an easy thing to understand. How can a chaotic system possibly work?
I 100% agree.
> I'm satisfied just letting you know there is a case for free markets.
I'm a big believer in free markets. You just cannot stop projecting your assumptions onto me. I've clarified my point multiple times already so I'm not going to bother repeating myself again. I think we can both agree it's okay to be misunderstood by people on the internet.
For a given definition, it doesn't. At least, not without vastly understating the gov's role (some might say responsibility) to step in and monopoly bust, regulate strategically important sectors of the economy, and generally try to provide human-scale stability to a system that tends to want to burn itself and polite society down more than a caffeinated toddler with an outlet, a fork, and a dream.
Regulation along the lines of enforcing contracts, protecting rights, and internalizing exernalities are the proper role of government.
Governments have never managed to make economies stable.
Pre-industrial growth that was driven largely by settler colonialism does not make for a useful economic model since we're unlikely to find any new continents any time soon. To say nothing of the horrors inflicted on native populations, but I suspect that's not a group you'd be too sympathetic towards.
I would recommend you stop confusing your own willful ignorance with lack of evidence. You could take a cursory look at the wikipedia page on Australia's response to the GFC as a case study in government doing it's actual job, instead of this fantasy of auto-regulation via free market competition. You can have a bit of both and reap outsized benefits as has been the case for every great to super power sunce the dissolution of the USSR.
There's no such thing as "free markets", it's A. Smith's BS.
> "I also admit that it is not an easy thing to understand. How can a chaotic system possibly work?"
A chaotic system cannot work for any meaningful stretch of time. Moreover, we don't have a chaotic system, actually it's a system under finely tuned control: Biden placed 100% tariff on Chinese EVs, helping Tesla. Trump added more tariffs on China, exempted Tesla... Truly a chaotic coincidence /s
I'm using money and wealth interchangeably here because there is no meaningful distinction in this context. I cannot take you seriously when you keep bringing up irrelevant things. It's obvious you don't understand my point. And I've had enough arguments with you on this site over the years to know it's a waste of my time to engage with you more than I already have.