Free Markets Favor The Rich. We Don't Really Think The Free Market Is Fair.

[PoliTalker]

The laws of supply and demand say that when products get scarce, the price goes up.

When the price of something goes up, it becomes affordable only to the rich.

If something is in short supply, the price goes up.

Since inflated prices make ordinary products available only to the rich, that favors the rich.

So if life-saving medicines and treatments are in limited supply, then only the rich can have them.

Most people are not born rich. But in our society they can become rich if they remain focused on that goal in life, get a good education, and apply themselves toward that goal.

But, as a baby, they have not had the chance to do that yet.

So if a not-rich baby gets a life-threatening illness or injury, they may die as some rich adult gets to live, simply because the rich adult has the money to pay for the expensive treatment or medicine. Even though the baby may have been able to amass the needed wealth if they grew up, they will never get the chance. The free market did that.

This is why the free market is not always the best system.

PoliTalker anti-troll thread thief disclaimer:

If this thread is stolen, plagiarized, will the thief have the nerve to use the entire OP, word for word? Including this disclaimer?

If you want my take on it, you'll have to post to this original PoliTalker thread. I refuse to be an enabler for online bullies, so I won't post to a stolen thread. I won't even read it.

Thread thievery is the tool of trolls. It's what people do when they have been so impolite they got banned from a conversation. And then they're sorry and they feel left out. So they steal the thread, call it their own. Then they think they can be in the original conversation. But they can't. If you think thread thievery is cheap and low then don't support it. Save your comments for the original PoliTalker thread. PoliTalker thanks you.

The people banned from this thread were banned because they refused to be polite, so I refuse to talk to them. I came to talk about Just Plain Politics. That's why I am 'PoliTalker.'

We don't allow the laws of supply and demand to act in an emergency. If gasoline becomes in short supply during an evacuation for something like a hurricane, volcano, flood or wild fire, and a merchant decides to raise the price to what that current market will allow, we call that 'price-gouging,' and we don't allow that.

What we are not allowing in that situation is the free market to do it's thing. Because then, only the rich would be able to evacuate, and we don't think that's fair.

The lesson is, when the pressure is on, we don't always think the free market is fair.

And that is why we need to accept that our best system is a mixture of socialism and capitalism.

 

[PoliTalker]

Got 'em tongue tied again.

Free market proponents are stumped.

I showed why the free market is not always the best system.

 

[Sirthinksalot]

Got 'em tongue tied again.

Free market proponents are stumped.

I showed why the free market is not always the best system.

Actually, I think we all agree that life isn't fair.
The "free market" (which is actually quite regulated) is the best system we have in terms of overall wealth creation, lifting people out of poverty, and providing the money that gets used for all the taxpayer funded social services. That's why citizens in the US enjoy a higher standard of living than those in Venezuela.

 

[cawacko]

"Capitalism, the worst economic system except for all the others"

 

[Celticguy]

I might take this seriously if you said if the price rose dramatically it could make a product affordable only to tge rich.

 

[PoliTalker]

Hello Sirthinksalot,

Actually, I think we all agree that life isn't fair.
The "free market" (which is actually quite regulated) is the best system we have in terms of overall wealth creation, lifting people out of poverty, and providing the money that gets used for all the taxpayer funded social services. That's why citizens in the US enjoy a higher standard of living than those in Venezuela.

A highly regulated market is not a free market.

If we agree that regulation can be a good thing, then why do conservatives seek to end all regulation?

 

[cawacko]

Hello Sirthinksalot,

A highly regulated market is not a free market.

If we agree that regulation can be a good thing, then why do conservatives seek to end all regulation?

That's just flat out false and an often used straw man. No one serious argues for no regulation.

 

[Adolf_Twitler]

Hello Sirthinksalot,

A highly regulated market is not a free market.

If we agree that regulation can be a good thing, then why do conservatives seek to end all regulation?

Without Free-Trade, Free Enterprise is not really free is it? LOL! Tariffs cause price controls- by forcing prices to increase. Thus Price Controls affects Free Enterprise!

You people that are backing Donald Trump's tariffs are looking like hypocrites and sending mixed signals by turning a blind eye to tariffs, while claiming to be the protectors of Free Enterprise and the enemies of price controls.

 

[PoliTalker]

Hello cawacko,

That's just flat out false and an often used straw man. No one serious argues for no regulation.

Good catch. I was wondering if I would get away with saying that.

But of course, if you listen to the rhetoric it gives that impression.

 

[cawacko]

Hello cawacko,



Good catch. I was wondering if I would get away with saying that.

But of course, if you listen to the rhetoric it gives that impression.

Nobody uses rhetoric that implies we should have no regulation in American. Again, that's just flat out false and dishonest. There are many debates that are had over the amount of regulation needed for various industries. But no one argues we shouldn't have rules.

 

[PoliTalker]

Hello cawacko,

Nobody uses rhetoric that implies we should have no regulation in American.

Wrong. The president does. 'We are going to eliminate job-killing regulations.' As if all regulations do is eliminate jobs....

Again, that's just flat out false and dishonest. There are many debates that are had over the amount of regulation needed for various industries. But no one argues we shouldn't have rules.

Trump seems to argue against them. I can't think of any individual in our nation who has had more court cases in the course of seeking wealth at all costs. He doesn't agree to having rules. He constantly fights them. Any rule that gets in his way is a bad rule. So he wants them gone. He doesn't care what the purpose of the rule is. And if courts go against him, he seeks to try to eliminate the court or stack it.

 

[Heff]

The laws of supply and demand say that when products get scarce, the price goes up.

When the price of something goes up, it becomes affordable only to the rich.

If something is in short supply, the price goes up.

Since inflated prices make ordinary products available only to the rich, that favors the rich.

So if life-saving medicines and treatments are in limited supply, then only the rich can have them.

Most people are not born rich. But in our society they can become rich if they remain focused on that goal in life, get a good education, and apply themselves toward that goal.

But, as a baby, they have not had the chance to do that yet.

So if a not-rich baby gets a life-threatening illness or injury, they may die as some rich adult gets to live, simply because the rich adult has the money to pay for the expensive treatment or medicine. Even though the baby may have been able to amass the needed wealth if they grew up, they will never get the chance. The free market did that.

This is why the free market is not always the best system.

PoliTalker anti-troll thread thief disclaimer:

We don't allow the laws of supply and demand to act in an emergency. If gasoline becomes in short supply during an evacuation for something like a hurricane, volcano, flood or wild fire, and a merchant decides to raise the price to what that current market will allow, we call that 'price-gouging,' and we don't allow that.

What we are not allowing in that situation is the free market to do it's thing. Because then, only the rich would be able to evacuate, and we don't think that's fair.

The lesson is, when the pressure is on, we don't always think the free market is fair.

And that is why we need to accept that our best system is a mixture of socialism and capitalism.

There isn't even a strand of chewing gum connecting the premises to the conclusion.

 

[Fentoine Lum]

Privatized gains versus socialized losses for the Wall Street bankster class
Internalized profit versus externalized risk and expense for the "job creator" class
Socialism for the aristocracy versus laissez-faire capitalism for the masses

 

[Fentoine Lum]

There isn't even a strand of chewing gum connecting the premises to the conclusion.

Ya really took it apart didn't ya shoog.

 

[cawacko]

Hello cawacko,



Wrong. The president does. 'We are going to eliminate job-killing regulations.' As if all regulations do is eliminate jobs....



Trump seems to argue against them. I can't think of any individual in our nation who has had more court cases in the course of seeking wealth at all costs. He doesn't agree to having rules. He constantly fights them. Any rule that gets in his way is a bad rule. So he wants them gone. He doesn't care what the purpose of the rule is. And if courts go against him, he seeks to try to eliminate the court or stack it.

Eliminating job killing regulations doesn't mean eliminating all regulations. I'm not sure how there is confusion over that.

 

[Heff]

Ya really took it apart didn't ya shoog.

It fell apart on its own.

 

[Nordberg]

There has never been free trade in America. The first tariff was installed in the 1790s. We have over 12,500 of them now. Lets start with the facts.

 

[PoliTalker]

Actually, I think we all agree that life isn't fair.
The "free market" (which is actually quite regulated) is the best system we have in terms of overall wealth creation, lifting people out of poverty, and providing the money that gets used for all the taxpayer funded social services. That's why citizens in the US enjoy a higher standard of living than those in Venezuela.

So capitalism didn't build that.

It took capitalism + socialism to produce a higher standard of living.

 

[PoliTalker]

Eliminating job killing regulations doesn't mean eliminating all regulations. I'm not sure how there is confusion over that.

Trump announced that there were too many regulations. He never got into the purpose of them, merely set about eliminating them.

 

[cawacko]

Trump announced that there were too many regulations. He never got into the purpose of them, merely set about eliminating them.

If you want to discuss them find the regulations that have been altered or eliminated, the administrations statement for why they did so and then say why you disagree. It's getting into the weeds but it's how we would have a real conversation about it.