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That means you not only need competition in the marketplace, but you have to be able to say “no” to *all* of the options and leave the marketplace. If you can’t leave, you’re a captive market, not a free market. 2/
“Free market” as used by right-wing Libertarians actually means “laissez-faire” capitalism. They aren’t the same things. If you’re diagnosed with cancer, and the hospital says “that’ll be $500,000 or you die” you’re a captive market. And that is theft. 3/
It’s no different than being at the ATM and someone putting a gun in your back “give me all your money.” It’s a threat of death. It’s not a *voluntary* exchange. Which is why I said Libertarians tend not to understand economics. 4/4
If that's the only place you're allowed to go, but if a hospital can open up next door and charge less then you have choice and there's potential the price will drop. Even when it comes to extreme prices having some option is better than none. A poor and alive is better than dead
hi im an economist this is an awful take
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