alt Hacker NewsWhat 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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Markets are the expression of an unfree society because they concentrate power in the hands of the few. Those with more money benefit by exploiting those with less - exploiting workers on the one hand and consumers on the other (through rent extraction). Stalinism is one form of planned economy but in your view the choices are Stalinism vs unregulated markets as if no other options exist. Absurd.
After decades of neoliberalism (thanks to politicians like Thatcher) we can see what a failure it has been. Wealth inequality is growing, climate change is getting worse, far right movements are spreading, governments are run by oligarchs, industry has declined, the working class is squeezed, labor movements have been crushed, housing shortages.. it’s an ideology of class war by the rich against the working class.
> No market means a Stalinist society.
It doesn't. That's just ideological propaganda.
> They'd rather the poor be poorer provided that the rich were less rich.
That is an absolutely reasonable stance? Wealth isn't absolute, it's relative. If the rich are less rich, more resources are available for everyone else.