4 comments

[ 1.1 ms ] story [ 14.0 ms ] thread
The Government is just naturally less efficient in allocating resources than a free market in most cases. So the more of the economic power controlled by the Government, the less efficient it will be. And an inefficient economy leads to lower productivity.
The market is defined by the regulatory environment. Without a regulatory environment, markets couldn't exist.

Imagine a market where property ownership wasn't enforced! Only ideologues like to pretend that this enforcement should come at no cost.

You mean a market where vast and large percentages of your property are taken at the threat of force against your will? I think I can imagine such a situation.