No wonder producers hate free markets - News Summed Up

No wonder producers hate free markets


As I say, no wonder producers of things hate free markets. For the small scale farming of a commodity like rice is about the closest any of us will ever come to observing a true free market in operation. There’s an Australian economist called Steve Keen who insists that no such free market has ever existed and he’s right. The people having to do the producing really don’t like it, which is where much of the opposition to free markets comes from -- the people who don’t want to be exposed to these vagaries. The underlying point here is that it is producers who tend to undermine free markets.


Source: Dhaka Tribune December 08, 2018 18:56 UTC



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