> He's saying that free markets tell us what people want, and if you disagree with the "free market" (which is an abstraction, I don't think most things people refer to as free markets actually are the "free markets" of economic textbooks), you're disagreeing with what people actually want.
And while that's a common argument, the obvious problem with it is that free markets weight preferences by existing wealth. $ as a proxy for utils isn't really a valid assumption when people don't have the same quantity of $.
And while that's a common argument, the obvious problem with it is that free markets weight preferences by existing wealth. $ as a proxy for utils isn't really a valid assumption when people don't have the same quantity of $.