„In what way are markets more efficient than regulators? Markets by themeself don’t exist, there is always massiv…
„In what way are markets more efficient than regulators? Markets by themeself don’t exist, there is always massive regulation towards different goals. The idea of the „free market“ is an illusion created to serve a purpose, being touted at every corner of the media.
In fact, „free“ in this context means capital flow that is free from responsibility for the needs of people. The countries Roger Cohen has labeled „the new powerhorses“ would not have such successful economies without regulating their financial markets.“ Der Standard, New York Times Beilage vom 12.10.2009Letter to the editor from Richard Bepple, Vienna
via SimplyTweet
If you care, it’s "themselves" and "powerhouses" :)Let me know if you ever have a need for someone with proficiency in German, English, Russian, and good knowledge of French and Japanese.Best regards.