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Right, but I hope you also acknowledge that the US does not have very many flexible, customizable offerings competing in healthy markets? There is barely a US
by kyletns 5y ago
Right, but I hope you also acknowledge that the US does not have very many flexible, customizable offerings competing in healthy markets?
There is barely a US industry left that isn't completely captured by 2-5 corporations. We may have the illusion of markets and choice, but we don't. We have monopolies and oligopolies extracting monopoly rents because they buy, destroy, or merge with the competition.
- syshum 5y ago>>Right, but I hope you also acknowledge that the US does not have very many flexible, customizable offerings competing in healthy markets? The implication here is that the health market in the US is a free market? I will agree with your statement,however it seems you are attempting to use to show how markets can fail, US Health is one of, if not the most encumbered market with regulations there is. To claim it is anything resembling a "Free market" is factually incorrect. >There is barely a US industry left that isn't completely captured by 2-5 corporations. I dont believe this to be the case, but even it was why do you believe that happened? I hope you do not believe or imply that it is result of market forces that cause this consolidation. You would be wrong if that is your belief. Consolidation and monopolization is a direct result of regulation not market forces Corporations LOVE government regulations, they write most of them, as it prevents competition.