Max Sawicky wrote: >The mere fact of a company failing, >even a large one, is not a market failure.
I'm away on an inter-holiday retreat, and only sporadically checking email, so someone else may have made this point already. No free marketeer would ever regard a big failure as an indictment of The Market. On the contrary, it's a sign of success - the forces of competition punishing a loser, as things should be in this war of each against all. Only softies and central planners want to prop up the failing. If you're going to fight an ideological opponent, you should have some sense of what the opponent thinks. Doug
