We are naive fools to wait for the free market to save us from impending shortages of critical natural resources
“The free market–the invisible hand–will take care of everything.”
I’ve addressed this topic of the free market as alleged panacea several times before. I’ve referred to this blind faith in the market as unsubstantiated. I’ve mockingly referred to the common belief in the wisdom of the invisible hand as a belief in the Fouth Person in [...]