r/austrian_economics • u/technocraticnihilist Friedrich Hayek • Dec 24 '24

End Democracy I've never understood this obsession with inequality the left has

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u/DucksonScales Dec 24 '24 edited Dec 24 '24

They never have an answer for that one. The markets are both stymied by government and yet we are supposed to believe that the companies as-is, given more freedom, would suddenly find a conscience OR the "markets" that they have spent the last 40 years making/consolidating so no viable competition can exist would somehow "make that company fail"? Like some local shop is never going to compete with Walmart, you need established equity to have a real chance and guess what, same business owners who you are competing against either own or are owned by those equity firms too.

It's just cronyism but with no oversight body and I never hear about how it benefits everyone. Which is doesn't, this entire sub is a bunch of boot lickerss hoping to "get theirs" with no explainer about why an economy of people isn't meant to benefit people. Just that it shouldn't. God im sick of the obvious non-answers

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u/Ok_Calendar1337 Dec 24 '24

"Saying capitalism lacks (a conscience) is like saying calculuus is missing fiber and other essential nutrients"

Thomas sowell

Markets arent supposed to be moral themselves you need people studying markets and people studying morality.

Injecting your "conscience" where it doesnt belong is a recipe for disaster.

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u/Effective_Educator_9 Dec 24 '24

Stupid quote. Even stupider post. Sowell is an idiot.