Difference between revisions of "Market Failure"
From Critiques Of Libertarianism
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[[Category:Economics]] | [[Category:Economics]] | ||
[[Category:Economics 101]] | [[Category:Economics 101]] | ||
+ | [[Category:Markets]] | ||
Libertarians, because they insist on "[[Freedom (propaganda)|freedom]]", do not want to do anything about market failure. Their three major responses then are (1) [[denialism]] (a public relations style of lying) (2) insisting that market failure is optimal because all other possibilities are always worse or (3) the argument that government has failures too. | Libertarians, because they insist on "[[Freedom (propaganda)|freedom]]", do not want to do anything about market failure. Their three major responses then are (1) [[denialism]] (a public relations style of lying) (2) insisting that market failure is optimal because all other possibilities are always worse or (3) the argument that government has failures too. | ||