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View Diary: It seems the market has spoken (10 comments)

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  •  And there are "free markets" where? (1+ / 0-)
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    People forget that the very first thing they're told in Economics 101 is that they are being showed idealized models which don't reflect actual market structures.  Then they go on to indoctrinate us all that those non-representative models are the way things actually work.  Of course, the reality in just about every nation, regardless of theoretical  economic ideology, is that oligopoly administered markets are the norm.  The only difference between the US and China is which oligarchic structure is doing the administering, state or capital.

    The law, in its majestic equality, forbids rich and poor alike from sleeping under bridges. ~ Anatole France

    by ActivistGuy on Thu Apr 12, 2012 at 12:35:46 AM PDT

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