Séimí Mac Síomón on Nostr: Does anyone know what is meant here by this wiki entry on 'economic liberalism' when ...

Does anyone know what is meant here by this wiki entry on 'economic liberalism' when they say 'resolves market failures'? Does that mean bailouts and shit?


Economic liberalism is associated with markets and
private ownership of capital assets. Economic
liberals tend to oppose government intervention and
protectionism in the market economy when it
inhibits free trade and competition, but tend to
support government intervention where it protects
property rights, opens new markets or funds market
growth, and resolves market failures.


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