Comment Comment by snackbugs >For everyone. Efficient markets raise per capita productivity, which raises quality of life for the vast majority of the population.The majority of the US can't financially bear an emergency $1000 expense without going into debt, joblessness, or homelessness.Productivity isn't connected positively individual quality of life, otherwise this wouldn't be the case.A free market depends on an entire class of people maintained in poverty. That is not efficient except for a minor plurality.As I said in your parent comment, the base assumptions that markets efficiently distribute resources is a lie. parent snackbugs 8 years ago
The majority of the US can't financially bear an emergency $1000 expense without going into debt, joblessness, or homelessness.
Productivity isn't connected positively individual quality of life, otherwise this wouldn't be the case.
A free market depends on an entire class of people maintained in poverty. That is not efficient except for a minor plurality.
As I said in your parent comment, the base assumptions that markets efficiently distribute resources is a lie.