You believe that unrestricted free markets lead to the most efficient and socially optimal allocation of resources.
Market Fundamentalism is a political ideology that strongly advocates for the unfettered operation of the free market economy. It is rooted in the belief that markets, when left to their own devices, can regulate themselves and deliver the most efficient and fair distribution of resources. This ideology is often associated with laissez-faire economics, which opposes government intervention in economic affairs beyond the minimum necessary for the maintenance of peace and property rights.
The term "Market Fundamentalism" was popularized by George Soros, a Hungarian-American…
Read more@ISIDEWITH2mos2MO
Could you share an instance when you felt market competition was both beneficial and fair, or a time when it wasn't, and why?
@9KYTZ4B2mos2MO
market coemption is fair, it doesn't force us to buy one. it shows that things are fair.
@9KYTXNXIndependent2mos2MO
Like when PS5 and Xbox drop consoles every few years and the market values goes up for both
@9KYTPHH2mos2MO
Market competition is fair and beneficial to the economy because it forces the businesses to do better and improves the overall economy and stock market.
@ISIDEWITH2mos2MO
How would your perception of success change if all achievements in society were purely determined by market performance?
@9KYX5TS2mos2MO
Heavily as certain successful people are only that way because of how much money they have, not how successful they were in the national and international markets.
@9KZFKR6Peace and Freedom2mos2MO
I totally agree with your answer. Sadly it has been proven that money has a bigger influence on people than their actual performance and outcome.
@9KYX96L2mos2MO
Well that's not how achievements in society are or should be judged.
@9KYWZXKRepublican2mos2MO
Indifferent, this seems more like political merchantilism and i favor a free economy where corporations deal in trade, but not in political decisions unless it directly effects their ability to maintain trade
@ISIDEWITH6mos6MO
Do you believe every individual has the same opportunity to succeed in an entirely free market, or are some at a disadvantage?
@9HFNY526mos6MO
Some people are at a disadvantage, but it takes hard work and dedication as well as education to succeed. Some of the best business people today came from nothing. That isn't to say, however, that there are blatant unequal opportunities such as income and instability.
@9HFNZ9C6mos6MO
Yes, I believe that every individual has the same opportunity to succeed in a free market.
@9HFP46JIndependent6mos6MO
only those who are at the lower end of the financial scale are at a disadvantage, weather or not the majority of these people identify with a certain race in irrelevant
@ISIDEWITH6mos6MO
Would you trust the market to set fair prices for the goods you need every day, or do you worry about potential exploitation?
@9H3SG8R6mos6MO
There has been some kind of an ideological excess: namely, market fundamentalism for the last 25 or so years
@9H3ST3D6mos6MO
A market based economy seems to be the most functional economic system for a country, but it has drawbacks.
@9H3SYBS 6mos6MO
Large corporations don’t have the intent to create “fair” prices. Most corporations price gouge to “maximize profits and minimize costs” which is also a “Fundamental Market”ing strategy.
@9H3SR5W6mos6MO
Yes, not worried about exploitation. Let the market decide.
@ISIDEWITH6mos6MO
How would you feel about private companies completely handling the management of natural resources without government oversight?
@9HFP277Independent6mos6MO
I believe the companies should have government insight just so they have been checked with and the government knows what it's being used for so that there is no harm towards that country.
@9HFMV4XIndependent6mos6MO
The Free-market should determine where and what resources go to from the needs of consumers
@ISIDEWITH6mos6MO
Does the concept of 'survival of the fittest' in a free market align with your personal values about community support?
@9H9BYS66mos6MO
It, although seeming promising, ignores how humans have a tendency toward greed, which makes it likely that zero community support would happen due to monopolies basically removing all support for any programs that do not make a profit.
@9H98HJF6mos6MO
No because sometimes people are victims of their circumstances, such as being born poor
@ISIDEWITH6mos6MO
If businesses are left completely unregulated, do you think they will act in the public's best interest or just their own?
@9H3NVC56mos6MO
The would most likely act in the public interest because they would want to try and catch the publics eye for attention.
@9H3NBF3Independent6mos6MO
I feel companies try to increase profits and only have to act in the public's interest due to regulations
@ISIDEWITH5mos5MO
Would you feel more or less secure in a job market that is totally free from government intervention?
@9HT532R5mos5MO
I would feel more secure in a government ran job as long as it doesn't affect me
@ISIDEWITH2mos2MO
How would your perception of entrepreneurship change if starting a business meant no safety nets?
That's what entrepreneurship is, no safety nets- just a chance- if they're not willing to take the risk then what is their dream really worth.
@9LHVBKC1mo1MO
I just now heard about this so I don't really know
@ISIDEWITH2mos2MO
How would you envision the future of sustainable practices in a world where environmental regulations didn't exist?
@9LCL6RC1mo1MO
It allows us to preserve the environment, protect biodiversity, mitigate climate change, eradicate poverty, promote social inclusivity, and foster long-term economic growth.
@9LCKJHT1mo1MO
it would help the lower class people who dont have as much money to purcahse the things in super expensive stores
@ISIDEWITH2mos2MO
When was the last time you celebrated buying something at a great price and later wondered about the true cost of that deal?
@9LCLYNP1mo1MO
I bought a necklace at a thrift store, a black string like chain (so not metal) with a cross that looked like it was made of bones. It came up to be about 7 dollars, which I think is too much for a necklace that isn't extravogant, especially at a thrift store where you could get a full outfit for less than that.
@9LCJW4B1mo1MO
Never, I am always proud to purchase something with my money
@ISIDEWITH2mos2MO
How might your personal relationships be shaped in a society where even acts of kindness are influenced by the laws of the market?
@9KYYHFK2mos2MO
Relationships could be seen as less valued since they could be just to keep the market going or to improve ones place in the market
@9KYYCB3Peace and Freedom2mos2MO
I think my personal relationships would get better and i think kindness will go a long way for a lot of people.
@ISIDEWITH2mos2MO
In a fully market-driven society, do you think the importance of creativity would increase, decrease, or stay the same, and why?
@9KYY88F 2mos2MO
i think that the hitbox increase needs to be reverted, and instead more focus needs to be done on reducing the power creep and competitive viability driven by 5v5, and potentially look into shifting the balances of role queue with the reimplementation of 6v6
@9KYY5TJ2mos2MO
I think creativity would decrease beacause people arent allowed to make what they want to
@ISIDEWITH2mos2MO
If consumer trends alone dictated the variety of products available, how would your shopping experience change?
@9KYZXJC2mos2MO
It would not change much, as I tend to follow trends.
@9KYZJQ8Republican2mos2MO
I think that it would change the way that consumer buy there things same as the government would also have made a lot of money and use it towards problems that we have in the US.
@ISIDEWITH3mos3MO
What moral responsibilities, if any, do you think companies should have toward consumers in a laissez-faire economic system?
@9KPFK8CIndependent2mos2MO
The product must be safe for the public and under some scientific research.
@9KPFD9G2mos2MO
If a company intends to move off shore, their assets should be nationalized. Shrinkflation should be illegal.
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