Difference between revisions of "TANSTAAFL"
From Critiques Of Libertarianism
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The most recent example of "free" services is Google and the social media. The cost is our information, which instead could belong to us and be charged for by us. Instead, it is sold to advertisers, making grotesque monopoly profits for Google. Another cost is our privacy, both from commercial interests and government (which can all buy this information.) | The most recent example of "free" services is Google and the social media. The cost is our information, which instead could belong to us and be charged for by us. Instead, it is sold to advertisers, making grotesque monopoly profits for Google. Another cost is our privacy, both from commercial interests and government (which can all buy this information.) | ||
| − | [[John Quiggan]] also points out in "[[Economics | + | [[John Quiggan]] also points out in "[[Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly]]" that there really ARE free lunches because (a) the economic system doesn't function perfectly to reach equilibrium, (b) technological improvement and (c) every market exchange. He calls this [[TISATAAFL]], "There Is Such A Thing As A Free Lunch". |
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