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View Diary: Open thread for night owls: 'Free market' is actually a boatload of rules (49 comments)

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  •  The most egregious flaw in the 'the 'free market' (1+ / 0-)
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    congenitalefty

    will solve all our problems' line trotted out by RWers is that they actually fundamentally misunderstand what 'the free market' does, and is good at.

    'The free market' does not exist to create new things to make life better.  It only exists to make business more efficient at taking money from people in exchange for services or goods.  Any actual advancements are simply secondary to making money.  Whatever path is most efficient at gathering money will win out, no matter how godawful it might be in terms of destructive effects upon society - as we have seen with decades of outsourcing and downsizing.

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