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In balance with? The free market is the mechanism for power consolidation, not its opponent. Companies merge and grow until they build a moat big enough to fend
by jjoonathan 6y ago
In balance with? The free market is the mechanism for power consolidation, not its opponent. Companies merge and grow until they build a moat big enough to fend off their competitors and then the market enters nash equilibrium.
Growth (or anything chaotic, really) shakes up the stable condition, changes the rules, and lets new entrants compete with Goliath. That's why we covet it so much.