{"id":31159,"date":"2012-11-06T08:09:54","date_gmt":"2012-11-06T15:09:54","guid":{"rendered":"http:\/\/hill-kleerup.org\/blog\/2012\/11\/06\/we-rely-on-the-free-market-what-does-the-free-market-rely-upon.html"},"modified":"2014-11-12T15:49:20","modified_gmt":"2014-11-12T22:49:20","slug":"we-rely-on-the-free-market-what-does-the-free-market-rely-upon","status":"publish","type":"post","link":"https:\/\/hill-kleerup.org\/blog\/2012\/11\/06\/we-rely-on-the-free-market-what-does-the-free-market-rely-upon.html","title":{"rendered":"We rely on the free market. What does the free market rely upon?"},"content":{"rendered":"<p>An interesting look at free markets in the context of post-disaster situations, as a reflection on the system as a whole. \u00a0As the author notes, the whole free market system is built upon trust &#8212; trust that the market\/capitalistic system is fundamentally <i>fair.<\/i> \u00a0Lacking that, people seek other mechanisms (helpful or not).<\/p>\n<p style='clear:both;'>\n<p style='margin-bottom:5px;'><strong>Embedded Link<\/strong><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t<a href='http:\/\/www.thefiscaltimes.com\/Columns\/2012\/11\/06\/Hurricane-Sandys-Lesson-on-Preserving-Capitalism.aspx'>Hurricane Sandy\u2019s Lesson on Preserving Capitalism<\/a><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\tWith long gas lines and other shortages putting people on edge in the wake of Hurricane Sandy, the usual post-disaster debate over the economics and ethics of price-gouging is underway. However, whil&#8230;\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p style='clear:both;'> <strong>Google+:<\/strong> <a href='https:\/\/plus.google.com\/101083456815352083930\/posts\/5jHJFVLvNmp' target='_new'>View post on Google+<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An interesting look at free markets in the context of post-disaster situations, as a reflection on the system as a whole. \u00a0As the author notes, the whole free market system is built upon trust &#8212; trust that the market\/capitalistic system is fundamentally fair. \u00a0Lacking that, people seek other mechanisms (helpful or not). Embedded Link Hurricane &hellip; <a href=\"https:\/\/hill-kleerup.org\/blog\/2012\/11\/06\/we-rely-on-the-free-market-what-does-the-free-market-rely-upon.html\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;We rely on the free market. What does the free market rely upon?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[106,748,77],"tags":[],"class_list":["post-31159","post","type-post","status-publish","format-standard","hentry","category-plusposts","category-weather-and-climate-change","category-economy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":30919,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/10\/29\/dealing-with-disaster.html","url_meta":{"origin":31159,"position":0},"title":"Dealing with Disaster","author":"***Dave","date":"Mon 29-Oct-12 7:59am","format":false,"excerpt":"While I'm sure that the GOP will be watching eagerly to jump on any mistake that the Obama Administration makes in dealing with Hurricane Sandy and its impact on the NE US, I hope at least some attention is paid to the basic, philosophical differences over what role, if any,\u2026","rel":"","context":"In &quot;~PlusPosts&quot;","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134458,"url":"https:\/\/hill-kleerup.org\/blog\/2017\/08\/27\/tweetizen-trump-2017-08-27-hurricane-stuff.html","url_meta":{"origin":31159,"position":1},"title":"Tweetizen Trump &#8211; 2017-08-27: &#8220;Hurricane (and other stuff)!&#8221;","author":"***Dave","date":"Sun 27-Aug-17 3:05pm","format":false,"excerpt":"So this is going to be a lot shorter installment of this series than usual, even with the huge number of tweets you've been generating. Most of them, since Friday, have been about Hurricane Harvey (21 that I counted, with 12 more, some of them retweets, over on @POTUS), about\u2026","rel":"","context":"In &quot;~PlusPosts&quot;","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2017\/08\/trump%2Bmeme%2Bhurricane.jpgimgmax%3D660.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":38887,"url":"https:\/\/hill-kleerup.org\/blog\/2013\/09\/30\/crashing-the-system-gop-style.html","url_meta":{"origin":31159,"position":2},"title":"Crashing the System, GOP Style","author":"***Dave","date":"Mon 30-Sep-13 11:10am","format":false,"excerpt":"It's faith-based economics, but not with very intelligent design.'Republican radicals generally reject the scientific consensus on climate change; many of them reject the theory of evolution, too. So why expect them to believe expert warnings about the dangers of default? Sure enough, they don\u2019t: the G.O.P. caucus contains a significant\u2026","rel":"","context":"In &quot;~PlusPosts&quot;","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134550,"url":"https:\/\/hill-kleerup.org\/blog\/2017\/09\/05\/texas-wind-farms-actually-okay-hurricane.html","url_meta":{"origin":31159,"position":3},"title":"Texas wind farms actually did okay in the hurricane","author":"***Dave","date":"Tue 5-Sep-17 7:13am","format":false,"excerpt":"One might expect the turbines of a wind farm to be heavily hit by the very winds they are designed to stand up in, but the initial reports in Texas have at least one farm surviving and back online faster than the power transmission system can handle. In Big Test\u2026","rel":"","context":"In &quot;~PlusPosts&quot;","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2017\/09\/unnamed-16.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":31753,"url":"https:\/\/hill-kleerup.org\/blog\/2012\/12\/13\/remember-the-good-old-days-when-we-treated-emergencies-as-well-emergencies.html","url_meta":{"origin":31159,"position":4},"title":"Remember the good old days when we treated emergencies as, well, EMERGENCIES?","author":"***Dave","date":"Thu 13-Dec-12 2:48pm","format":false,"excerpt":"Remember the good old days when we treated emergencies as, well, EMERGENCIES?The GOP is digging in its heels on emergency relief money for Hurricane Sandy, to deal with housing and transportation issues among other things. \u00a0Amidst Republican complaints that the money should only be spent if offset elsewhere (fine, buy\u2026","rel":"","context":"In &quot;~PlusPosts&quot;","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":134749,"url":"https:\/\/hill-kleerup.org\/blog\/2017\/09\/18\/money-and-power.html","url_meta":{"origin":31159,"position":5},"title":"Money and Power","author":"***Dave","date":"Mon 18-Sep-17 3:27pm","format":false,"excerpt":"Florida Power and Light lobbied hard for big rate increases in order to \"prepare\" for major storms. But in many places Florida's power grid went down faster under Irma than during the more powerful Hurricane Wilma in 2005. FPL refuses to install buried power lines which would be protected from\u2026","rel":"","context":"In &quot;~PlusPosts&quot;","block_context":{"text":"~PlusPosts","link":"https:\/\/hill-kleerup.org\/blog\/category\/blogging\/plusposts"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/hill-kleerup.org\/blog\/wp\/wp-content\/uploads\/2017\/09\/unnamed-22.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/31159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/comments?post=31159"}],"version-history":[{"count":1,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/31159\/revisions"}],"predecessor-version":[{"id":48040,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/posts\/31159\/revisions\/48040"}],"wp:attachment":[{"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/media?parent=31159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/categories?post=31159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hill-kleerup.org\/blog\/wp-json\/wp\/v2\/tags?post=31159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}