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#freemarkets

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“Asked about people putting bumper stickers on their #Teslas declaring they bought it before “Elon was crazy”, Musk said: “There are also people buying it because Elon’s crazy, or however they may view it. Yes, we’ve lost some sales, perhaps, on the left, but we’ve gained them on the right.”

Musk was *visibly shaken* when discussing the #activists’ campaign against him and his cars, saying they were “evil” and on the wrong side of history.

“What’s wrong with these people? *I’ve not harmed anyone*. So, something needs to be done about them. *A number of them are going to prison*, and they deserve it.” Asked whether he took the attacks #personally, he said: “Yes.”

Free market forces in action ☺️

#Smith / #Markets / #FreeMarkets / #competition <archive.md/YGhkg> / <theage.com.au/world/north-amer> (paywall)

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An explosion, when regulated, becomes an engine. The same is true of markets.

An explosion, unregulated, is a weapon of mass destruction. The same is true of markets.

When Adam Smith talked about "free markets", he meant free of economic rents (paying people to own things), not free of regulation.

Anyone else notice how quiet the neoliberals have been lately?

For decades, conservative fans of FA Hayek and Milton Friedman have told us that free trade and free markets are their core principles.

That we should let the invisible hand of the market decide.

That any government intervention, no matter how well intended, distorts the markets.

That government intervention in markets is socialism.

That governments shouldn't pick winners.

That taxes are bad.

That if there's a choice between government intervention to stop global warming from fossil fuel pollution or free trade, they'll gladly pick free trade.

Right back to Reagan and Thatcher, they swore these were their core principles.

So.

An American president intervening in markets by imposing arbitrary protectionist tariff taxes should have been a hard no.

A political candidate openly campaigning on doing this should have met stiff opposition from the invisible hand's true believers.

If a true believer in these neoliberal principles (as Rupert Murdoch has claimed to be) owned a news channel (such as Fox News), one would expect outrage at this blatant rejection of free markets and free trade.

So where are all the neoliberal think tanks? Economists? Politicians?

Why the silence?

"I wonder what happened to turn John’s [#Gruber] attitude…
The #EU… does not allow big companies to “own” markets because #freemarkets (in the EU’s eyes) are good, and privately owned ones that allow big companies to stop being capitalists and act like #feudal lords are bad. Facebook, Apple, and the rest have been doing this in digital for a long time, and the EU has decided it’s going to stop."
ianbetteridge.com/2024/04/19/w

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@Duusi

Under free market capitalism, you absolutely could do these things and more; one of the beautiful things about things like #freemarkets and #libertarianism is that you can do pretty much what you like, so long as those participating in it are doing so voluntarily. As a #libertarian, I WANT people to be able to do things like sell tamales door to door. It's the cronyists, the #authoritarians, that are stopping you.

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