View Single Post
  #35  
Old 11-15-2005, 03:36 PM
tylerdurden tylerdurden is offline
Junior Member
 
Join Date: Jan 2004
Location: actually pvn
Posts: 0
Default Re: The heat is on. Fox News special review

[ QUOTE ]
The idea that the market allows for perfect distribution of goods and services and that any human interference can only impact on this in a negative fahion is one that is totaly dependent on faith.

[/ QUOTE ]

It's not "human interference" that messes things up, it's *coercive* interference. A truly free market is, by definition, one that is free from coercive interference. In such a scenario, resources flow to those who value them the most.

Coercive interference usually has (overtly, at least) good intentions, but is based on one party making value judgements for others about what is desirable and what isn't. This means that resources will not always be directed towards the most valued uses - in other words, the distribution optimality is reduced.
Reply With Quote