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This isn't a free markets issue, this is a prime example of crony capitalism. To paraphrase Marc Andreessen, with free markets and competition, you now can buy
by 8f2ab37a-ed6c 6y ago
This isn't a free markets issue, this is a prime example of crony capitalism.
To paraphrase Marc Andreessen, with free markets and competition, you now can buy an amazing giant 65" 4K LCD TV with all of the latest greatest features for barely $500. Stuff gets better, cheaper, and more convenient for the consumer, while the companies duke it out to get ahead.
But when things get overly regulated, subsidized, or effective cartels are formed, you end up with situations like monotonically rising US healthcare costs, monotonically rising US housing costs and monotonically rising US college costs.
This isn't an issue of too much free market competition.