Oh, imagine that! Keeping the paper mill far away from your house makes your house more valuable!
You can't have your cake and eat it too: either prices represent the value people give to things (a commitment held by free-marketeers) or they're "artificial". And there's no reason to believe that freedom automatically creates happy outcomes, especially because inertia can leave inequities (e.g. redlining still affecting both familial wealth and [/therefore] segregation) or undesirable externalities (e.g. formerly livable land polluted by industry dumping, or disused commercial/industrial buildings that are now rotting hulks) still in place for loooong after the capital that created the problem has left the community.
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Oh, imagine that! Keeping the paper mill far away from your house makes your house more valuable!
You can't have your cake and eat it too: either prices represent the value people give to things (a commitment held by free-marketeers) or they're "artificial". And there's no reason to believe that freedom automatically creates happy outcomes, especially because inertia can leave inequities (e.g. redlining still affecting both familial wealth and [/therefore] segregation) or undesirable externalities (e.g. formerly livable land polluted by industry dumping, or disused commercial/industrial buildings that are now rotting hulks) still in place for loooong after the capital that created the problem has left the community.