> Economists have been studying problems like this for centuries.
Great. So my question is, what if any are the arguments “that market structures usually do a better job at solving coordination problems than government”. E.g. by giving an equilibrium analysis of a spherical-cow version of the most sweatshop-inducing realistic assumptions that shows that the market nevertheless doesn’t produce sweatshops.
> Economists have been studying problems like this for centuries.
Great. So my question is, what if any are the arguments “that market structures usually do a better job at solving coordination problems than government”. E.g. by giving an equilibrium analysis of a spherical-cow version of the most sweatshop-inducing realistic assumptions that shows that the market nevertheless doesn’t produce sweatshops.