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Their competitors were highly regulated, preventing them from existing in the first place. As always in incumbent firm wrote the regulations and defacto decides
by fuzz4lyfe 7y ago
Their competitors were highly regulated, preventing them from existing in the first place. As always in incumbent firm wrote the regulations and defacto decides who is in violation or not.
- cultus 7y agoThe economy cannot be separated from the government. If large capitalist interests exist, they will exert power with the government, in the form of influencing regulations or other rent-seeking. Thus you cannot have a "fair" capitalist economy. It would be nice if capitalism worked as it did in econ classes, but it doesn't with real humans.