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Even fees and price caps would not be considered capitalist or free-market - they both interfere with the market dynamics. In all cases, we need to interfere wi
by sudhirj 6y ago
Even fees and price caps would not be considered capitalist or free-market - they both interfere with the market dynamics. In all cases, we need to interfere with the free market to improve goodness for society as a whole.
But we don't need to attach moral connotations to this – the companies have done nothing illegal, and the executives are doing their jobs. The issue is when technology is applied to natural free markets, a monopoly logically results, which kills the market if left unchecked.