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'Free' markets are fine there are a multitude of ways to avoid competition without regulatory oversight. From lying about weights & measures to monopolies. Wha
by Super_Jambo 6y ago
'Free' markets are fine there are a multitude of ways to avoid competition without regulatory oversight. From lying about weights & measures to monopolies.
What capitalists fear is a competitive or perfect market. But you'll never see anything close without strict policing of firms.
- bostik 6y agoThat is precisely it: for a hardcore capitalist the idea of having to compete only on price and quality is horrifying. If you can't have maintainable moats, rent-seeking environments, or bought regulators/lawmakers, what's the point?