this post was submitted on 12 Jun 2023
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StopLies
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Many lies exist. Can you see through them? Can you prove them false?
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Certain ideas about "the free market" are lies. It is never frictionless for a buyer to switch from one vendor to another. Accurate information about vendors, products, or markets is not free; gathering information is an expense. In the absence of regulation and enforcement against false advertisement, most advertisements will be false. In general, honest free markets can only exist where regulation strongly punishes dishonest participants; this implies that honest free markets will be taxed to pay for regulatory enforcement.
I think this ties in to the myth of 'fairness'. That hard work will ensure success. That the cream rises to the top. That the free market is meritocratic. Wealth will never be fairly distributed without regulation.