If you are not a subscriber of The Pomp Letter, join 215,000 other investors who read my personal opinion on finance, technology, and bitcoin each morning. To investors, There are various schools of thought in business, finance, and politics. Some people believe in free markets as a self-correcting mechanism, while others believe that market intervention is a better pursuit. Each of these ideas can be taken to the extreme — free market believers become anarchists and market interventionists become communists.
This is not very accurate. It s a biased view to see free market as the correct status quo we need. We all know it does not work in favour of the society. Free market never creates you a park, makes the water quality good, improves lives and removes world poverty. It never did… only strong states with care for its people, who can always be there as a bodyguard.. will orient markets in the direction where the humanity and where the local communities needs it. ( otherwise billionaires will exploit the poor working class without limits- aka Bezos)
This is not very accurate. It s a biased view to see free market as the correct status quo we need. We all know it does not work in favour of the society. Free market never creates you a park, makes the water quality good, improves lives and removes world poverty. It never did… only strong states with care for its people, who can always be there as a bodyguard.. will orient markets in the direction where the humanity and where the local communities needs it. ( otherwise billionaires will exploit the poor working class without limits- aka Bezos)
I can't think of any historical examples where the free market led to 100M+ deaths and mass starvations...