this post was submitted on 25 Jan 2024
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Markets distributing scarce resources can only ever have a profit motive driving them, because that is the underpinning of the market. And so therefore they are not an act of maximizing happiness, they are an act of maximizing profit (even if the profit ceiling is imposed by regulation or not). It’s an unnatural construct that requires an incredibly dense onion of manufactured legal and social norms over time to simply maintain. I wouldn’t call that something that is done well
Yeah that's not true at all. Markets are just a medium of exchange, and they can be used under for profit or non-profit systems. For instance, coop housing exists on a market and would continue to even if all housing became coop housing.