"In some limited areas it can produce some good results v competition if all you GAS abou is th eprice"
In lots of business models you can charge more by adding value, particularly in small businesses where its not about about churning volume and the customer GAS about more than just price.
http://www.bbc.co.uk/news/business-23239764
State sponsored monopolies (id include the banking sector in that) are not examples of free markets, they do make good examples of state interference, corruption, rigged markets and state sanctioned barriers to entry.
Nothing has in theory gone wrong with it. We haven't had "free market capitalism" yet, so we wouldn't know whether it works or not.
I'd suggest that proper free marker capitalism would be ****ing scary, ( drugs trade anyone? ) and the people whod stand to loose the most are currently those 1-3% of folk at tge very very top of the pile, which is why, I suspect, well never find out either.
No, the more free the market the more the top few percent would gain. I think wealth disparity correlates with lack of regulation. See history for more information.
Oh, my post makes no sense( nothing new there) there's a whole chunk missing about why the system we have now wont change much....
Sorry
Well, employment is a market tooWith a few differences. Supply is constrained,
No, that's common to lots of markets.
but also because it's people's lives we are talking about not some commodity.
That doesn't alter the fact that it's a market.
You asserted that free-market capitalism necessarily results directly in employees getting "screwed" and working just above the "misery threshold".
My point is that this only happens where supply exceeds demand in the employment market. Where this is not the case, it results in the exact opposite: employees getting treated well, as companies compete to retain the best staff.
In lots of business models you can charge more by adding value, particularly in small businesses where its not about about churning volume and the customer GAS about more than just price.
This.
We haven't had "free market capitalism" yet
And this.
If you want a good idea of what a proper free market economy then Freidman's "Free to Choose" and Hayek's "Road to Serfdom" are the standard texts - or watch a couple of their lecture on youtube.
I think that a full-on free market society as they set out wouldn't be acceptable to most people - it's way too extreme, almost no role for the state beyond police, army, contract law and contrary to what many see as an underpinning morality to society. I actually think there are technical problems with the model too.
However, the efficiency of markets in allocation of resources is orthodoxy in economic thought at the moment and this is why forcing market reforms into all sorts of public services is going on. I am still yet to be convinced that some half-arsed pseudo market in eg education or health produces a more efficient service than local/central planning.
Al, what has pfi got to do with price of cheese in the context of this thread and airports? You are hora and I claim my £5!!
