alt Hacker NewsI hate Trump, but this piece doesn't seem to prove or argue anything at all. It's basically free market fanaticism, it says that economic metrics are good in spite of protectionism and not because of it because how could it be otherwise? Invisible hand, etc. It's totally begging the question.
If the free market economy is so resilient to threats, why didn't it thrive also in 2008?
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epolanski • yesterday at 10:34 AM
I think 2008+ if anything shows that free market economies indeed are resilient to threats even in the worst times.
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That's a good question. So, 2008 was a major problem and financial institutions brought that on themselves. But that's - fortunately, even though there were significant knock on effects - limited to one very important slice of the market, not unlike say when Enron went bust or when the .com bust happened. The rest of the free market is what pulled us out of those things.
Free markets are on balance a good thing, assuming a level playing field and regulations to curb externalization and monopolization as well as cartel forming.