Quote from: ngupowered on July 25, 2016, 03:41:20 PM

Quote from: RealBitcoin on July 24, 2016, 10:52:29 PM

Quote from: ngupowered on July 24, 2016, 11:43:46 AM

And there's nothing stopping consumers, in this system, voting their money; so you see, we actually DO have a free market.
In reality, this is capitalism: "2006 Ivory Coast toxic waste dump"

If the local population didnt cared, then who would do something against it?

Isn't that obvious? The people doing the dumping should have cared, but didn't, because it wasn't profitable, which is just capitalism rearing its ugly head. Yes, the locals were "lucky" just a few of them died or got sick so they found out; imagine instead, if they hadn't, but years or decades later

This is called a free-market fiasco. It is assumed that for any market to be efficient all market participants should have equal access to information. In real life though, this is never the case and will never be. So those who are more informed will always have an advantage before those who are less informed (or more misinformed, lol), and free market (a total laissez-faire capitalism) can only make this situation worse, since there is no impartial arbitrator by definition (whose role is usually taken by the state)...

In short, everyone is manipulating others to the extent of their misunderstanding, and being manipulated himself to the extent of his own misunderstanding