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I think a “free market” has to retain some degree of competition and choice. Companies above a certain size (of capitalization) or with natural anti-competitive
by throwawaysea 5y ago
I think a “free market” has to retain some degree of competition and choice. Companies above a certain size (of capitalization) or with natural anti-competitive elements (like network effects) or with ownership of multiple sides of a market or with massive patent war cheats all impede competition. They move the free market away from a competition driven incentive to something more stagnant that can discourage entrepreneurial competitive innovation.
- dragonwriter 5y ago> I think a “free market” has to retain some degree of competition and choice. An ideal market is both competitive and free, but the former is not a component of (and is often, outside of abstract ideals, in tension with) the latter.