Hurricane Harvey and the Failure of the Free Market
Paul Constant

It isn’t even necessary to get into a discussion about economics here.

The marketplace itself can’t exist without a stable high trust society to enforce rights.

Such a society requires a collective agreement on what rights and responsibilities are, what its agreed-upon norms of behavior are, and a collective ethos of mutual respect.

If that is lost to a “every man for himself” ethos, then there is nothing to stop property rights themselves from being hoarded and traded to the most heavily armed.

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