>> while the labor market has very little flexibility that would allow workers to "vote with their feet" and move to "better" employers without outside influence
Have you heard of the Great Resignation?
Have you heard of the Great Resignation?
Isn’t the Great Resignation driven at least in part by the government’s influence? COVID lockdowns and regulations heavily incentivized employers to offer more flexibility around remote work, and COVID economic relief policies helped provide folks with the financial stability needed to look for better employment. I’m not sure this would have occurred organically without any government intervention.
Government policies are never the correct way to solve societal problems, even taking the premise the the "evil profit motive" is the actual reason we have seen abuse in the past (which I disagree with), the resolution to that is NEVER government as any honestly look at government policies requires one to conclused that at best the government policy just takes credit for something that was happening anyway, but more often the government policy slows or stopps the trend to improving lives
Just look at the "War on Poverty", at the start of that poverty was dropping FAST, then the government steps in to "solve" the problem of poverty that the evil free market could not (even though it was), and poverty rates flatlined.
Trillions and trillions of dollars spent later, and the government still has not solved that problem, where the free market likely would have if allowed to continue...
Which ones? Point to some examples of government resolving these to the detriment of corporations?
The examples I could provide would be government shielding corporations from these negative externalities, limiting their liability, and socializing the costs to the tax payers of that government....
I can point to no examples of govermment resolving the problem of externalities
(we now consider that period to be a giant mistake specifically because the government did not do enough and left free markets to their own accord)
There is LOTS of scholarly economics works that shows government intervention in the markets not only lets to the crash, completely extended the length the crash.
Specifically the fed actions in 1929 lead to prolonged pain not seen in other nations that recovered faster because their central bank did not try to "solvable the problem"
To state that is a forgone conclusion that everyone agrees that "free market capitalism" was the cause of the great depression is highly ignorant
I'm not saying your wrong, it's just that it took a pandemic for people to realize that working in a shitty job for 20 years may not be the best use of their lives.