Berkeley CSUA MOTD:Entry 49252
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2025/05/24 [General] UID:1000 Activity:popular
5/24    

2008/2/26-29 [Politics/Foreign] UID:49252 Activity:nil
2/25    You know, no one disputes the economic power and efficiency of the
        free market. Adam Smith wrote the Wealth of Nations way before
        the term monopoly and corporate clout/abuse became common. Just
        Google for articles on why free-market doesn't work the way it
        did in the 18th-19th century; meritocracy is non-existence in the
        absence of competition. I will however buy the Division of Labour
        argument, Labour theory of value, price of commodities, etc. In
        short I find both the free-market and the centralized-market theory
        incomplete, inefficient, and unfit in the complex world we have
        today. There needs to be a balance of both, or an alternative economy.
2025/05/24 [General] UID:1000 Activity:popular
5/24    

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