Market fundamentalists recognize that the role of the state in the economy is always disruptive, inefficient, and generally has negative connotations. This leads them to believe that the market mechanism can take care of all the problems.
They say that open markets are the solution to everything and, if left alone, the invisible hand will solve all problems. Sadly, the reason the invisible hand often appears invisible is that, quite often, it is not there.
The best way to deal with any economic problem is to let the market work it through.
I reject the insurance model. I think we should have a free-market approach to healthcare.
Government mandates, incidentally, are likely to distort rather than solve the problem of finding a market. I would, therefore, force my organization to live by its wits rather than to rely on capricious subsidies or non-economic-based regulation to fuel my business.
Lawsuits should not be used to destroy a viable and independent distribution system. The solution lies in the marketplace and not the courtroom.
The irony is that one of the things people want to solve climate change is more market - more price on carbon so that markets have something to chew on when they think about climate change instead of the complete monopoly, the absurdity of allowing these guys to own the sky for free - socialise all of the costs and privatise all of the profits.
There is, happily, a non-redistributive approach to address income inequality - one that doesn't rely upon government. It's to grow the pie. That is, create more decent jobs that pay more.
