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Americans Lose Faith That Hard Work Leads to Economic Gains, WSJ-NORC Poll Finds

(www.wsj.com)
191 points impish9208 | 1 comments | 02 Sep 25 15:07 UTC | HN request time: 0.202s | source
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freefaler ◴[02 Sep 25 15:47 UTC] No.45104652[source]▶
Yeah... but in free market based economy if you can't swap your skills for money to swap for something you need what is the alternative?

If I just sit in YouTube all day how will I pay for my bills?

Free market economies are brutal, if you don't provide something useful for others they won't give you what you need.

replies(1): >>45105011 #
malcolmgreaves ◴[02 Sep 25 16:11 UTC] No.45105011[source]▶
Or even if you provide something useful, you can still not get the value you deserve because capitalist can create a monopoly and underpay you as you still need to eat.
replies(1): >>45107002 #
1. freefaler ◴[02 Sep 25 18:20 UTC] No.45107002[source]▶
Even in the smallest groups, like a small village or a hunter-gatherers in Africa the algorithm is the same.

Free markets usually aren't too prone to long-term monopolies. There are some parts where markets fail but most "monopolies" aren't because of market forces, but because of regulation.