Post
Topic
Board Economics
Re: Capitalism and immorality
by
Erdogan
on 13/06/2014, 14:02:49 UTC
This is completely false for the free market. A trade in the free market is always a win-win. It is the definition of the free market. If a trade is not win-win, it will not be completed.
Sorry, but this is false.

example:
A trade can also happen, because you think it's a win for you, but in reality it isn't. (e.g. a retiree that buys a useless insurance)
Or because you lack other options.
Your sentence is wishful thinking, but reality isn't like that.

All trades on the free market should be a win-win for all parties involved. In order for this to happen there needs to be a sufficient amount of transparency and neither party is able to cheat. Unfortunately this is often not the case.

Are you talking about fraud? That is not allowed in the free market. That is stealing your reality. You have the right to compensation for that.