Comment by pbhjpbhj

The free market actually works great under the assumption of governments not acting irrationally.

However, since China has expressed interest in war with Taiwan (not a thing advised by the free market), someone needs to address that.

In terms of economics, this is a net loss, but then again, the effects of war in Taiwan would be worse.

The free market is an innocent scapegoat that never existed in any government. As long as the State makes the laws, it is a form of state planning. The only different between Soviet Russia and modern Western countries is how heavy the hand of the state tries to move the needle of the market.

But I agree on the sentiment: everybody seems to have decided the state should control the market even further than it did three decades ago. Free market was never given a chance.

The free market often needs nudges in the right direction. The free market is a rule of thumb and not an actual Scientific Law. When left unchecked it ultimately eats itself

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