> the free market of ideas will dispatch of them efficiently
This is a bad concept that is far detached from reality. Participating in public discourse is not like selling wheat or steel.
Sticking with the theme, a "free market of ideas" has significant transaction costs, information asymmetry and some actors wield significant market power (media organisations, public figures).
It's a nice theory but there are many classic market failures at play here that should dispel any idea of reaching an efficient outcome.
This is a bad concept that is far detached from reality. Participating in public discourse is not like selling wheat or steel.
Sticking with the theme, a "free market of ideas" has significant transaction costs, information asymmetry and some actors wield significant market power (media organisations, public figures).
It's a nice theory but there are many classic market failures at play here that should dispel any idea of reaching an efficient outcome.