Politics
Out of context: Reply #15650
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- drgs0
2 deathboy, to bury the free market once and for all:
Joseph Stiglitz, a famous economist and a nobel prize winner, studied your burning question, why is it that the "free market" in some countries works more or less ok, while in other countries does not regulate anything at all.
He has proven mathematically, that the free market cannot regulate anything if players have unequal information, ie when some know more than others. Its called information asymmetry
http://en.wikipedia.org/wiki/Inf…To ensure that "market economy" would work you need 100% full transparency of this very economy. For example, I work in a global corporation which specializes in cleaning and sanitizing. The company operates with list prices on certain products, but then we have international agrrements which receive refunds, rebates, billbacks etc, which are strictly confidential
http://en.wikipedia.org/wiki/Rea…And this has nothing to do with governmental regulations -- the players seek to have advantage over each other by "screening". In fact to ensure to have a truly "free" and transparent market would be by a governmental regulation, hehe
Pass it on to your classmates
- not saying its perfect. many natural states go through waves. theyre just likely less volatile. and really only econ method that will help keep people free********
- philosophy that maintains peopels freedoms and rights.********
- and im not suggesting capitalism plays equality. now way would it do that. theres gonna be sharks and remoras. equality is for death********
- equality is in death.********
- actually lookign at your links u see government controling info more transparent than companies? and lettign them control it all with regualtion?********
- control it all with regulation? experience seems to be gov is worse with transparency********
- And first link doesnt suggest a mathematical proof a free amrket cant regulate itself. More knowledge in speculation.********
- specualtion it seems. common sense that peopel think they have all info or better and such leads to a onesideness. sounds liek common sense********
- like common sense********
- not saying its perfect. many natural states go through waves. theyre just likely less volatile. and really only econ method that will help keep people free