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> Most efficient allocation of resources happens in a free market, not in an overly regulated market. No, in a free market, it's winner take all in the race to
by mLuby 5y ago
> Most efficient allocation of resources happens in a free market, not in an overly regulated market.
No, in a free market, it's winner take all in the race to become too big to fail, regulate, or compete against, so the mega-corp(s) can sit back and collect rents. We don't want free markets, we want competitive markets.
Car dealerships aren't a good example because they're often franchises. That's like saying it's "competition" if McDonalds Corporate ship fries directly to consumers, bypassing its own (franchised) McDonalds locations. Competition is between McDonalds, Burger King, and your local hamburger stand.