3 ms·
Markets are distorted by subsidies, lobbying, credit lines and old-boy networks to (a) remain solvent beyond their actual consumer revenue, and (b) act on infor
by bordercases 5y ago
Markets are distorted by subsidies, lobbying, credit lines and old-boy networks to (a) remain solvent beyond their actual consumer revenue, and (b) act on information or distort the flow of information in a way that's independent from consumer choice, and in fact frames consumer choices.
Large corporations also act anti-competitively through acquisitions without market development, which in the evolutionary metaphor is like an invasive species suffocating the diversity of ecosystem by digesting other species only for what they need and excreting nothing valuable back into the whole.
So you're articulating an idealization that's only true in free markets, and we are not, and almost never, in a free market.