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To: Teri Skogerboe who wrote (3769)12/12/1997 2:25:00 PM
From: LLCF  Respond to of 10921
 
<And I agree with you that even the USA isn't operated on a totally "Free market" basis, and some of the good-ole-boy syndrome happens here as well, but I think it's the extent of the atrocities that is the painful difference between here and there.>

Yes, I agree that our system reduces the extent of misallocation of resources compared to theirs. I also think however that even a perfectly competitive market system will misallocate resources due to limitations of our brains! Much like any other animal we tend to focus our attention on whatever is moving at a given time.

DAK