Illustrates the intersection of supply and demand curves as the free market equilibrium (Photo credit: Wikipedia)
Today’s post is actually only a short sound bite for further conversations to be developed in the future:
The real burden of the open and free market is the fact that it does not always behave and act in the way the market participants anticipated. [In other words, the market might be open and free but not perceived as fair – a real challenge when the clearance mechanism experiences the odd bottleneck moment, because in the long run, the market should and will always clear and achieve equilibrium].
The burden the market then bears is in the form of interference and regulation…
Counter argument always very welcome.