CyclopsRock
Member
I don't think the free market has ever been about "leave it to the free market, it'll all be OK" - it's about "leave it to the free market, and people are responsible for their decisions." If a business makes a poor decision and replaces their quality, experiences, diligent older employee with an inexperienced but qualified graduate to save money, maybe it'll have an impact on their business. Maybe they'll lose sales or lower productivity or any number of other things that can befall a company. And they'll have to live with those consequences. Maybe they'll learn from it and not do it again, or maybe they won't and it'll compound the problem. On the other hand, maybe it'll turn out to be the right decision. Maybe the older employee wasn't offering anything that the younger employee wasn't also offering, but cost a lot more. In this instance, what justification is there for "penalising" a company for getting rid of the older worker?
The free market doesn't make problems go away, it makes people and businesses accountable for them. This (get me, Hegal!) dialectical approach eventually leads to better decisions being made. Or, put simply, the free market means the freedom to fail! I don't think the government should be there in all cases to protect people from this failure.
Edit: Also, the free market doesn't have too much to do with benefits. The free market is about consenting adults being able to agree to trades if they want to, whether that trade is between two products, a trade of money for ones labour etc. The freedom to do this without external constraints. You can support a significant benefits system as well as a free market, up until the point where benefits are actively competing with wages.
The free market doesn't make problems go away, it makes people and businesses accountable for them. This (get me, Hegal!) dialectical approach eventually leads to better decisions being made. Or, put simply, the free market means the freedom to fail! I don't think the government should be there in all cases to protect people from this failure.
Edit: Also, the free market doesn't have too much to do with benefits. The free market is about consenting adults being able to agree to trades if they want to, whether that trade is between two products, a trade of money for ones labour etc. The freedom to do this without external constraints. You can support a significant benefits system as well as a free market, up until the point where benefits are actively competing with wages.