Originally posted by Darkinin
Originally posted by MrXYZ
reply to post by Darkinin
So you're seriously going to pretend all market participants act rationally, really? Comon', you can't be that delusional!
Not everyone in the world will act in an intelligent way. However, they will naturally be punished for their poor deeds. Besides, as I pointed out in my original response, the states themselves can still legislate on matters that aren't specifically prohibited to them, or exclusively given to the Congress.
Also, just so everyone knows, calling another person, or group of persons, "delusional" or "fanatical" doesn't a good argument make.edit on 25-5-2012 by Darkinin because: (no reason given)
I take it you never studied economics, right. If you had, you'd know that in the real world (as opposed to theory), free market would lead to a few clever people (yes, they're a minority) exploiting a larger (less clever/educated) majority. It's already happening, and a free market would make it even easier for them. Why do you think "corporations are people my friend" Romney is so in favor of "free market"? There's a VERY good reason why not a single country in the world has a free market.
Under a free market, the US car industry would be dead, women would earn drastically less than now, you would pay significantly more for fuel (which is the reason free market advocates and oil speculators like the Koch brothers love the idea of a free market), the US farming industry would be dead, and pretty much all manufacturing in the US would be dead or salaries would drop to China levels.