Over at Cafe Hayek, Don Boudreaux writes about a common slur we free-market supporters get called: shills for Big Business. Don does an excellent job discussing how ridiculous such mudslinging is, so I’d like to discuss a tangentially related point: motive.
On top of being called shills, we’re often told we either don’t care about the poor (or, worse, are actively trying to oppress or hinder the poor) by opposing various “Progressive” welfare actions such as minimum wage, protectionist trade tariffs, or immigration restriction and the like.
The reality, however, is quite different. We oppose these schemes because we, like many other economists including those on the Left, believe they to be counter to the poor’s well-being. Our arguments are not that we hate the poor, that they just should be happy with their lot in life, or any other strawmen our accusers like to erect, but because we…
View original post 77 more words
Apr 19, 2016 @ 13:17:59
Unfortunately free markets are not competitive markets as the robber barons in the late 19th century in the USA showed.
I think everybody likes competitive markets but ironically you need governments to do that!!
LikeLiked by 1 person
Apr 20, 2016 @ 12:04:46
Kolko would disagree.
LikeLike