zlacker

[parent] [thread] 2 comments
1. charle+(OP)[view] [source] 2020-03-30 19:04:17
Do you feel the same way about the federal stimulus bill? That we should simply let "the market" decide whether a given company survives?
replies(1): >>GhostV+C
2. GhostV+C[view] [source] 2020-03-30 19:07:44
>>charle+(OP)
That's kind of a false equivalency. The purpose of the government is to step in when the market fails, so of course it is going to do things that support businesses and individuals which would normally have failed. However that is not generally the purpose of businesses, they generally just pay whatever the market decides, so paying people more even when they don't have to would be deviating from this.
replies(1): >>charle+Hu
◧◩
3. charle+Hu[view] [source] [discussion] 2020-03-30 22:59:05
>>GhostV+C
Labor is a market too. I see no reason why we should support government action for one part of the market and accept ruthless market mechanics for the other. Both are important to the health of our society.

The concept of "the market" is so all encompassing as to be meaningless. It's just system justification at this point. We could just as easily call it economic duress. Very often people accept what they do because they lack the power to do otherwise.

[go to top]