Free Markets Decentralized?

From: Ian Goddard (igoddard@erols.com)
Date: Mon Mar 16 1998 - 21:23:03 MST


Yak Wax (yakwax@yahoo.com) wrote:

re: http://www.lucifer.com/exi-lists/extropians/2824.html

>'Government' is defined by the people - even the most totalitarian of
>governments was and is defined by the people. Free-market Capitalism
>is 'dynamic centralism' - although the point(s) of control may change
>far more quickly than other centralist systems, they still exist. If
>you were to take a single moment in time of an FMC system, you would
>clearly see the consumer majority gathered around the supplier
>minority.

  IAN: A skillful answer, but not an accurate
  answer. Yes, suppliers are fewer than consumers,
  however, the paradigm you posit of a "consumer
  majority gathered around the supplier minority"
  avoids the fact I highlighted, that consumer de-
  mand controls who those suppliers are and what
  it is they are doing. Therefore, while "central"
  implies "control of the many by the few,"
  consumer-demand implies exactly the opposite,
  which is control of the few (suppliers) by the
  many (consumers). So your paradigm collapses.

  Free-market capitalism is true decentralization.

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VISIT Ian Williams Goddard ----> http://www.erols.com/igoddard
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