[ExI] Belief in Market Efficiency
sjatkins at mac.com
Sat Jan 31 07:46:18 UTC 2009
>> Subject: Re: [ExI] Belief in Market Efficiency
>> From: "Damien Broderick" <thespike at satx.rr.com>
>>> At 03:16 PM 1/30/2009 -0700, Thomas wrote contra regulation:
>>>> Free market traders with education, enlightenment and refinement
>>>> (civilized) have the advantage over savages.
>>> And, until 150 years ago, often owned them as chattels. (Or
>> were those not free market traders?)
> The slavers were not free market traders, for there was the threat of force
> of government to discourage the chattel from rising up and slaying their
> "owners." True free markets assume every person equal and free.
Free markets require freedom. Slaves by definiton are not free.
Equality is a weasel worth. Equal only in freedom. In reality people
are not equal in abilities, in character, in ambition, in physical
beauty, etc, etc. They will not be equal in the results they achieve
either. So what?
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