210
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 17 Oct 2023
210 points (93.8% liked)
World News
32365 readers
323 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
Man wtf. We had over 100 Years of almost free market and look where we are now.
Businesses in germany have to pay a fuckload of taxes and still get richt as fuck.
If there is no free market on a national scale, than there is a almost anarchytical free market on an international scale.
We dont need a free market anymore. We need responsibility for what these people got rich on. And they have to pay back what they destroyed. Like everybody else, when you destroy sth, either on purpose or without, you need to pay.
I don't know what you interpret as "free market", but the mere existance of a Monopoly of Violence, lobbying, manipulation of money, state licenses, blah, blah, blah... is not free at all.
Descriptive economics is not the same as explanatory economics.
What about protectionism, tariffs, special licenses, international regulations, "common goods", the World Bank Group, the IMF, and very much any kind of coercion made by "Welfare" States?
"Virtually all issues concerning the environment involve conflicts over ownership. So long as there is private ownership, owners themselves solve these conflicts by forbidding and punishing trespass. The incentive to conserve is an inherent feature of the market incentive structure. So too is the incentive to preserve all things of value. The liability for soiling another's property should be borne by the person who caused the damage. Common ownership is no solution. Because national parks, for example, are not privately owned, the goal of economical management will always be elusive."
What?
You mean all these private international businesses have a hard time going around worldwide regulations?
Do you know, that even with the sanctions, russia exports and imports (almost) as usual, because internationally nobody cares? And if sb cares, they will make a daughtercompany in no time which does the trade?
Quite the contrary; the State by lobbying, subsidies and "international aids" is actually benefiting the giant businesses, as the coercion made by the State harms the SME's and we the common people to trade with other countries.
Basically, I'm describing corporatocracy (the State is dominated by corporate business interests).
By "russia exports and imports" (fallacious use of collective nouns), I'll interpret it as businesses affected by the sanctions.
As I said before: "Descriptive economics is not the same as explanatory economics". You can't just infere those sanctions are not working from having analyzed statistics and economic history. You need first an economic theory that tries to explain how the economy works by identifying the causal relationships between economic actions and events.
I'd recommend you to read about Mises's Human Action (praxeology based on methodological individualism).