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That is the whole purpose of a free economy. It's a race to the bottom only as long as the customer needs are satisfied with the product, which is exactly what'
by mijamo 6y ago
That is the whole purpose of a free economy. It's a race to the bottom only as long as the customer needs are satisfied with the product, which is exactly what's good for society. Sure you might have several stores, so what? It's like saying there should only be one car dealership because dealerships take too much space and it's not convenient to go in many places to check cars.
- dllthomas 6y agoA "race to the bottom" that only impacts price means the customer wins. But the important point (which often goes unsaid) when people speak of a race to the bottom is that they are concerned that position in that race will be earned by sacrificing things that matter. That may or may not be the case, but I expect it'll be more fruitful to address it.