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GAIA Host Collective
Markets will correct, of course. The problem is how that levelling is made.
But the counter argument from the freemarketeers is:
"Market IS the best solution. Government intervention of any kind would only worsen the outcome."
But government IS already "interfering" markets. In fact there's no place in the world where economy isn't regulated by governments. In practice free market paradises are not seen.
What I'm trying to say is that that counter argument is a fallacy, too.
Anyway, I'm affraid that if the government takes no action, and in the end, PO is a global disaster, they will blame government because it didn't let the markets solve the problem with all its regulations already in place, anyway.
Cameron