Javier Milei Tells a Room Full of Socialists That Coercion Is the True Cause Behind Market Failures

"There are no market failures if transactions are voluntary. The only context in which there can be a market failure is if there is coercion. And the only one that is able to coerce, generally, is the state, which holds a monopoly on violence.

"Consequently, if someone considers that there is a market failure, I would suggest that they check to see if state intervention is involved. And if they find that that's not the case, I would suggest that they check again because, obviously, there's a mistake. Market failures do not exist."

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