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The Free Market is one of the greatest economic tools we've ever discovered ...and one we've rarely employed. Most markets are absolutely not free in the liber
by yason 8y ago
The Free Market is one of the greatest economic tools we've ever discovered
...and one we've rarely employed. Most markets are absolutely not free in the libertarian sense, and while often for near-sighted politics—such as tariffs for goods—also sometimes for the greater good. For example, antitrust legislation is market regulation as truly free markets tend to converge in a winner-takes-all fashion. And once there are only a handful of large corporations left they tend to start shunning down the market from entry-level companies to help cementing their own position, via make-do regulation of their own and/or lobbying for more robust government-appointed regulation.