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  1. #21
    I <3 Ron Paul + gilesfan sturg33's Avatar
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    Quote Originally Posted by Julio3000 View Post
    On the question of free markets, though...big picture stuff. What constitutes a free (and by your logic, fair) market, and how is the security of that market guaranteed? Can you give me a concrete example of what a "free market" looks like?
    Just remembered this.

    A free market is two parties being able to trade what they want with no restrictions.

    I think a great example is the EU.

  2. #22
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    Quote Originally Posted by thethe View Post
    Not allowing us to freely sell our products is the taking advantage of us.
    Can you elaborate?

  3. #23
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    Quote Originally Posted by sturg33 View Post
    Can you elaborate?
    You don't think other countries implementing import tariffs on outside goods has already made the market 'unfair'?

  5. #25
    A Chip Off the Old Rock Julio3000's Avatar
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    Quote Originally Posted by sturg33 View Post
    Just remembered this.

    A free market is two parties being able to trade what they want with no restrictions.

    I think a great example is the EU.
    As an academic point, they don't trade what they want. There are significant restrictions on what they are allowed to trade. They can move goods (like cars and agricultural products, say) across borders without duties and tariffs, but they can't sell, using that example, cars that don't meet emissions standards or GMO crops.

    That would certainly make the market appear less free, but I wonder if you think that it makes it less fair? Again. that's an academic question that may or may not be relevant.

    Going back to my original question, what guarantees the security of the market?

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  7. #26
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    Quote Originally Posted by Julio3000 View Post
    As an academic point, they don't trade what they want. There are significant restrictions on what they are allowed to trade. They can move goods (like cars and agricultural products, say) across borders without duties and tariffs, but they can't sell, using that example, cars that don't meet emissions standards or GMO crops.

    That would certainly make the market appear less free, but I wonder if you think that it makes it less fair? Again. that's an academic question that may or may not be relevant.

    Going back to my original question, what guarantees the security of the market?
    What do you mean by security? Like, enforcement of the "rules?"

  8. #27
    A Chip Off the Old Rock Julio3000's Avatar
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    How are the rules enforced? Also, what keeps someone from metaphorically kicking the table over and stealing everyone's money?

  9. #28
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    I wouldn't classify to free trade as a "rules based system."

    But to honest, my knowledge on the subject of global trade isn't as great as I'd like it to be so I don't have much to discuss. I can say that I don't think protectionism is the way to bring growth

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    No, capitalism is not "a coercive economic system that creates persistent patterns of economic deprivation." It's a system of voluntary exchange that has led to the greatest reduction in poverty the world has ever seen.

    https://humanprogress.org/article.php?p=53

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    LOLGOP
    ‏ @LOLGOP
    May 3

    LOLGOP Retweeted memeorandum

    Because he was born rich, Jared Kushner has been able to update his financial disclosures more than 40 times.

    Because you were poor, Republicans would take away your food stamps or health insurance if your forms are wrong once.
    “Reject the logic that says someone else’s gain necessitates my loss, and that my gain must come at the cost of another person.”

  16. #33
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    Rich envy doesn't belong in the economics thread

  17. #34
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  18. #35
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    Quote Originally Posted by sturg33 View Post
    I don't think economics is political.
    Everything is political. Man is, by nature, a political animal.

    Anecdotally, you aren’t even able to withhold your own caricatured critiques of “the left”—much less those of your cohort—and maintain your own self-proclaimed “apolitical” standards herein (though you managed to police 57’s commentary, I see). Nothing is apolitical, indeed—but by the looks of it, you’re not even trying to be.
    "For all his tattooings he was on the whole a clean, comely looking cannibal."

  19. #36
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    cool

  20. #37
    Very Flirtatious, but Doubts What Love Is. jpx7's Avatar
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    So you don’t mind undermining your entire pretense for this thread?
    "For all his tattooings he was on the whole a clean, comely looking cannibal."

  21. #38
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    Quote Originally Posted by jpx7 View Post
    So you don’t mind undermining your entire pretense for this thread?
    I don't think economics is political.

    I do think politics look at economics differently.

    Feel free to contribute something

  22. #39
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    Quote Originally Posted by sturg33 View Post
    (1) I don't think economics is political.

    (2) I do think politics look at economics differently.

    Feel free to contribute something
    I only care about the meta-narrative, sorry.

    But if I wanted to “contribute something”, I’d ask you to justify (1), and explain how (2) isn’t disjunctive with (1).
    Last edited by jpx7; 05-15-2018 at 08:00 PM.
    "For all his tattooings he was on the whole a clean, comely looking cannibal."

  23. #40
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    economics is math

    math isn't political

    some political parties understand math better than others

    feel free to contribute something

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