I think the key word in what you quoted above is “more”. The market isn’t perfect, but it allocates information and resources “more” efficiently than centrally planned economies.
On the whole, do you agree with that?
Are you a proponent of a centrally planned economy or are you just pointing out some weaknesses of a free market? I agree with you to some extent on negative externalities. There is a need for some regulation, but there is a fine line between effective and counterproductive.
I think the key word in what you quoted above is “more”. The market isn’t perfect, but it allocates information and resources “more” efficiently than centrally planned economies.
On the whole, do you agree with that?
Are you a proponent of a centrally planned economy or are you just pointing out some weaknesses of a free market? I agree with you to some extent on negative externalities. There is a need for some regulation, but there is a fine line between effective and counterproductive.