But I think you make an error when you say or effectively say via implication that market failures …
… But I think you make an error when you say or effectively say via implication that market failures don't happen in way that impacts both the public at large and people in our business particularly (not especially, just germane to these threads). Collusion and cartel-style illegality routinely distort markets, almost always to the advantage of the wealthy and connected and almost always at the cost of working people who actually create most of the value. Bludgeoning everyone else out of the personal computer business by breaking the law isn't "creating" value, it's capturing value, via capture. I don't think too many people frequent this site who don't fundamentally believe in markets as something to embrace, and that number probably rounds to zero for people with my join date, but markets and free exchange are only part of the story: people with ironclad obligations to anything from dependents to the IRS take what is offered in terms of wages and in the presence of market manipulation that is in no way a "free exchange". …
Original discussionThe teen mental illness epidemic is international (2023)875 source comments · at import