|
Originally Posted by Gwaehir
I'm afraid you'll have to elaborate on this.
|
What I'm basically saying is that the "free market" concept is pretty much bullshit. We can talk about supply and demand, and ignore resource scarcity and depletion. We can talk about the free market, when really all the world's economists base their decisions upon the flow of equidity coming out of the Federal Reserve. Thanks to the dollar's status as
the reserve currency.
With the Federal Reserve wielding that much power and influence I'd say it's a pretty visible hand. Not the "invisible hand" of the market.
|
Originally Posted by Gwaehir
First of all, how is it conducive to a free market to say that a commodity ("information") which is all over the place and easily available, is legally owned by one person or corporation, and only they have a right to decide what happens with it?
|
Most Western countries regulate alcohol in such ways. Yes, I know we're talking about information; and more or less the free flow of it on the internet. But in the capitalist system commodities are commodities to be bought, traded, and sold.
|
Originally Posted by Gwaehir
Imagine if this were done with, say, coffee mugs for example: everyone had mugs, and everyone had the equipment to be able to reproduce them cheaply, but then it was legislated that only company X was allowed to do it. Anybody caught making a mug for themselves or for someone else would be shut up in jail. Now company X controls supply, even though there's no real reason they should..
|
Since when are companies able to legislate anything for themselves? That's what lobbyists are for. And enforcement of such legislation? At this point you're not talking about the "free market" at all.
Hope that helps illuminate my perspective a little bit more.
I was speaking idiomatically.