alt Hacker NewsMoney is power. Markets produce wealth inequality. The richest use their money to buy influence and write the rules. Fundamentally a “regulated market” is an unstable system that eats itself, a fiction.
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mytailorisrich • today at 11:26 AM
What is you definition of "markets"?
Markets are nothing more than the aggregate expression of what people do, need, desire. It's an expression of a free society. No market means a Stalinist society.
> Markets produce wealth inequality.
That always reminds of Margaret Thatcher's famous words in Parliament: "They'd rather the poor be poorer provided that the rich were less rich."
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No system consisting of humans is ever stable. We can dampen various events, but building a stable system is impossible. Too many things change constantly around us.
Not even old ossified feudal systems were stable. Either the Mongols came, or Black Death, or some smart-ass with his moveable type, and nothing was like before.