Comments by "L.W. Paradis" (@l.w.paradis2108) on "Entire Media Pushes FAKE Ivermectin Story" video.
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@rishpanjeet7479 A free market places the means of production in private hands, and allows free competition to allocate optimally all resources that can be allocated using a market mechanism, while recognizing that some cannot. Smith was for allowing the Invisible Hand to operate not in every area of human endeavor, but in any area of endeavor where it could operate to allocate resources optimally. Hence his warnings about unproductive concentrations of wealth in the hands of a rentier class (read, a new, oisive, uncreative and unproductive aristocracy . . . how right he was). Monopoly capitalism is what free markets devolved into, with the capitalists capturing most of government power in various ways, hiding their tracks whenever necessary, and bragging openly whenever useful. What we have is the reign of monopoly capital. Free markets were a nice idea. Free markets are not capitalism, and were never intended to give rise to black-hole-like concentrations of wealth whose pull cannot be opposed. But believe what you want.
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