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US free market radicalism The US is not a free market, and very few people who run companies believe it should be (they say they do, but they don't in practise
by onion2k 5y ago
US free market radicalism
The US is not a free market, and very few people who run companies believe it should be (they say they do, but they don't in practise). Most business leaders want their company to have a government-protected monopoly. That's why there's so much lobbying.
- 7thaccount 5y agoMy econ book has some quotes that basically say "competition is for losers" and that the goal for all companies is to be "lazy monopolists". Once a monopoly, they'll raise prices, but not by too much as to elicit public outcry or signal large companies to lobby for the removal of the monopoly.