lomiller
Penultimate Amazing
- Joined
- Jul 31, 2007
- Messages
- 13,208
I have been in sales for a number of years, working for people of varying levels of integrity.
My job is to motivate people to pay more than they "should" for things. Of late I have questioned why being "stupid" is considered such a character flaw that our culture approves of the "smart" preying on them.
Is it illegal, or immoral, to be less smart than I am?
Why am I-and those that I work for- rewarded for being able to outsmart someone else in a particular transaction to their detriment? Is that truly "merit"?
It’s not. In free market economies the real goal should be economic efficiency. IOW creating the most value with the least effort/input. This frees up resources that can be redirected to more or better goods/services, and when there is more to go around everyone can benefit.
Contrary to the libertarian propaganda laissez faire free market do not accomplish this. This only happens when sellers compete on certain fronts, if there is insufficient regulation they can do an end run around these the opposite can happen.
To work properly markets must be both free and regulated. Similarly, for property rights to work they need to exist but have limitations. The right wing fallacy is that the middle ground doesn’t exist, so the limitations and regulations that are required for things like property rights or free markets to function as intended and deemed “socialist”.
