7 ms·
That's due to excessive regulation. Regulations benefit large incumbents, as opposed to smaller competitors/startups. The real driver of inequality is the gover
by 0x8BADF00D 7y ago
That's due to excessive regulation. Regulations benefit large incumbents, as opposed to smaller competitors/startups. The real driver of inequality is the government. Usually through excessive regulations, bailouts, and inflation. In a truly free market, prices go down, as competition is fierce. Perfect competition and pareto efficiency are concepts everyone on here should have knowledge of, if only at a surface level.