Free Market and Game Theory

Free Market and Game Theory

Every Conservative seems to believe in a free market. But game theory shows that free market are not the best scenario when there are many producers and many consumers. That drive prices too low in oversupply, and it is only good for consumers. It times of short supply, it is good for the producers. But the producers make decisions to get into/leave/forced out, and the market is in flux all the time. Not good if it takes years to adjust your output. How long are you willing to not make wages? How cheap are you willing to live? Free markets do not work where the ability to supply exceeds the demand. Marketing boards or Quota system produces a much fairer to the producer but not for the consumer. Consider the milk situation in Canada verse the US.

This is exactly what is predicted by game theory now. The Conservatives have a wrong plank in there platform. Oh well, I am a centralist, and look at issues one at a time. No party represents me very well.

We had a regulated electrical price system in Alberta but the conservatives applied their free market wrong concept to it, and now we pay through the nose every month. Games just do not work without rules. Oh well, wrong policies are common.

The world is overpopulated. That is a fact that cannot be disputed when we consider the carbon dioxide level. It should be one of the criteria in any immigration policy.  With Canada open borders, we are letting in too many people without skills, and then supporting them, when they cannot earn a living in our economy.But Trudeau know best. On Immigration, he is over the line. On refuges, who are not willing to follow our laws... do not know our laws...he is over the line. What is one to do? Vote Green?