Market economies work when there are:
-
Market economies work when there are:
- Antitrust enforcement
- Environmental and occupational health regulations
- Unions
- Public health and unemployment insurance
- Consumer protections
- Public research funding
- Public infrastructure funding
- A robust democracy -
Market economies work when there are:
- Antitrust enforcement
- Environmental and occupational health regulations
- Unions
- Public health and unemployment insurance
- Consumer protections
- Public research funding
- Public infrastructure funding
- A robust democracy@evan Our market economy is mainly working for the ulta rich and, as the old saying goes, the rich are getting richer. Their dominance makes it difficult to have all those nice things you listed. As long as we have this gross inequality, I am not sure we can recover.
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@evan Our market economy is mainly working for the ulta rich and, as the old saying goes, the rich are getting richer. Their dominance makes it difficult to have all those nice things you listed. As long as we have this gross inequality, I am not sure we can recover.
@tmstreet the inequality is due to a failed market!
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@tmstreet the inequality is due to a failed market!
@evan @tmstreet Some sources of wealth inequality reflect market failures; others do not. Have you read about the Wilt Chamberlain Argument? https://www.britannica.com/biography/Robert-Nozick/The-entitlement-theory-of-justice#ref828038