license enforcement is a thing because if someone bypasses it you can sue them, which is a government interaction. Technically, claiming X means nothing if there’s no one that enforces your claim.
Really? Calling it a government enforced monopoly seems very disingenuous.
Good luck trying to make a movie without Disney stealing it or making an invention with really effective solar panels or something without the biggest companies stealing it and bankrupt the original creator.
Copyright and patents protect everyone involved in creation and while there are a LOT of problems with the systems. Removing it entirely seems like the biggest overcorrection possible.
Or trade secrets. “Perfect information” is a bitch. Not to speak of “perfectly rational actors”: Say goodbye to advertisement, too, we’d have to outlaw basically all of it.
It’s not so much that they’re wrong is that they’re impossible in practice. Axioms, by their very nature, cannot be justified from within the system that they serve so “true” or “false” aren’t really applicable.
The model does have its justification, “given these axioms, we indeed get perfect allocation of resources”, that’s not wrong it’s a mathematical truth, and there’s a strain of liberalism (ordoliberalism) which specifically says “the state should regulate so that the actually existing market more closely approximates this mythical free market unicorn”, which is broadly speaking an immensely sensible take and you’ll have market socialists nodding in agreement, yep, that’s a good idea.
And then there’s another strain (neoliberalism) which basically says “lul we’ll tell people that ‘free market’ means ‘unregulated market’ so we can be feudal lords and siphon off infinite amounts of resources from the plebs”.
Wrong as in not sound. An argument can be valid assuming its assumptions are true. The argument is the model, which really is a set of arguments. It’s assumptions which are taken axiomatically are as you say impossible, therefore they are not true (which I called wrong). So the argument is not sound. I’m not saying anything different than what you said really, just used informal language. ☺️
The free market is going very well here
This is 100% capitalism. It’s not free market to have a goverment-enforced monopoly.
What’s government enforced about it? Is ARM the only allowed chip designer for cellphones?
license enforcement is a thing because if someone bypasses it you can sue them, which is a government interaction. Technically, claiming X means nothing if there’s no one that enforces your claim.
This is textbook late stage free market ideals at work. This is how the free market always ends.
Sorry have you been around to observe a lot of free markets ending?
Gestures wildly at current state of things
X -
The system is broken.✅ - The system is working exactly as intended and must be destroyed.
Problem is that most people who say that, have nothing to replace that works better.
Yeah the system that actually exists, capitalism.
The system is down
Light switch rave!
The Cheat is grounded!
When did it start?
You are correct. There would be no copyrights or patents in a free market.
Yeah, the huge companies would dominate over small companies even more than they already do.
Copyrights and patents are literally government enforced monopolies for huge companies. Without them, there would be a lot more competition.
Really? Calling it a government enforced monopoly seems very disingenuous.
Good luck trying to make a movie without Disney stealing it or making an invention with really effective solar panels or something without the biggest companies stealing it and bankrupt the original creator.
Copyright and patents protect everyone involved in creation and while there are a LOT of problems with the systems. Removing it entirely seems like the biggest overcorrection possible.
Or trade secrets. “Perfect information” is a bitch. Not to speak of “perfectly rational actors”: Say goodbye to advertisement, too, we’d have to outlaw basically all of it.
Are you telling me that the axioms behind the simplistic model are wrong??
shocked-pikachu.jpgIt’s not so much that they’re wrong is that they’re impossible in practice. Axioms, by their very nature, cannot be justified from within the system that they serve so “true” or “false” aren’t really applicable.
The model does have its justification, “given these axioms, we indeed get perfect allocation of resources”, that’s not wrong it’s a mathematical truth, and there’s a strain of liberalism (ordoliberalism) which specifically says “the state should regulate so that the actually existing market more closely approximates this mythical free market unicorn”, which is broadly speaking an immensely sensible take and you’ll have market socialists nodding in agreement, yep, that’s a good idea.
And then there’s another strain (neoliberalism) which basically says “lul we’ll tell people that ‘free market’ means ‘unregulated market’ so we can be feudal lords and siphon off infinite amounts of resources from the plebs”.
Wrong as in not sound. An argument can be valid assuming its assumptions are true. The argument is the model, which really is a set of arguments. It’s assumptions which are taken axiomatically are as you say impossible, therefore they are not true (which I called wrong). So the argument is not sound. I’m not saying anything different than what you said really, just used informal language. ☺️