LynAlden on Nostr: Free enterprise is the default state of affairs. It's a complex and ever-ongoing ...

Free enterprise is the default state of affairs. It's a complex and ever-ongoing negotiation of prices between retailers, product producers, commodity producers, employees, and so forth. It is a constantly-adjusting control system sorting toward Truth.

Authoritarian governments and the masses that support them can impede upon prices and thus rekt the ability for natural pricing to occur, which disrupts all trade and makes everything more inefficient and more expensive.

Notably, the handful of countries that have made social democracy work, all preserved the metric of "ease of doing business." In other words, if you examine Scandinavian countries, they do have high taxes and high support for society. That's how these relatively small and homogenous societies have chosen to govern themselves, and they consistently score among the highest global levels of happiness. But in terms of "ease of doing business," they still score very high. They tax and spend, but they don't interference with business operations to generate new value. They tax and redistribute the engines of growth, but they don't impede the engines of growth.

That's the key thing, in terms of variables not to mess with. Don't interfere with the flow of pricing, domestically or globally, which is ultimately just information. Maintain the ease of doing business, let pricing set supply/demand balances, and then sort out what sort of social contract exists independently of those foundational wealth-building engines.

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The market doesn't "decide," price controls don't work because the price is a result of voluntary market interaction. It's a thermometer, not the heat itself.

Price controls are analogous to capping the thermometer and letting pressure build up, while claiming that we've controlled the temperature outside.

Saying "the market decides" is like suggesting we are "letting the weather decide the temperature" instead of the weatherman. When the second statement is just nonsense. The weatherman doesn't control the weather, if he is manipulating the thermometer then its just lying about what the real temperature is.

My proposal isn't about "letting the markets decide," because markets are literally the only thing that create prices in the first place. I'm saying we shouldn't have institutions with the express authority to completely monopolize a market and then lie about the price.

Price controls are simply lies, we should just stop lying.