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> "Let the market run free and everything will be right" sounds good in theory, but that implies that we will be better off without anti-trust laws, and minimum
by hackuser 9y ago
> "Let the market run free and everything will be right" sounds good in theory, but that implies that we will be better off without anti-trust laws, and minimum wage rules.
I agree; it should not be taken to an extreme and I didn't mean it in an ideological sense. But there is value to 'free' market competition; it's a useful tool and also provides freedom, in the sense of liberty, a core value of our society. Government intimidation of businesses is almost always a bad solution to the problems; law and regulation are democratic and much more just. Infosys isn't the first - remember the businesses whom Trump claims to have intimidated about their factory locations.
> It'll create market inefficiency, which will allow other promising companies to compete, which can potentially raise the quality of the end-result.
Fundamentally, that's not the result of inefficiency. It's called "inefficient" because it costs more for worse outcomes. It's a very predictable, well-tested outcome.