So many people don’t understand how we need a more suitable/working/correct ‘framework or structure’ where the free market can operate within with a wide degree of flexibility.
However that framework has to be the contraints and restrictions that level the playing field (monopolies) and then at the same time, take away the level playing field when it’s needed (social services like police, fire, and hopefully health care someday in the US) - but no, most people barely understand what debits and credits mean as far as accounting goes.
But, like you say, I never really did consider that the ‘market’ is primarily concerned with the short term (profits) and not the costs it takes on the long term resources being used up.
July 3, 2008 at 7:30 pm
So many people don’t understand how we need a more suitable/working/correct ‘framework or structure’ where the free market can operate within with a wide degree of flexibility.
However that framework has to be the contraints and restrictions that level the playing field (monopolies) and then at the same time, take away the level playing field when it’s needed (social services like police, fire, and hopefully health care someday in the US) - but no, most people barely understand what debits and credits mean as far as accounting goes.
But, like you say, I never really did consider that the ‘market’ is primarily concerned with the short term (profits) and not the costs it takes on the long term resources being used up.