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> If for decades people have shown to pay £X for private travel in a car, why would business charge less than X? Because of the invisible hand of the market, t
by beachy 4y ago
> If for decades people have shown to pay £X for private travel in a car, why would business charge less than X?
Because of the invisible hand of the market, thanks to the magic of competition.
- lm28469 4y agoWe forced the national electricity provider to open up to "competition" in France and it now is more expensive than ever. "Competition" isn't always a good thing If you don't believe in god you shouldn't believe in the magic hand of the market, because it essentially is the same thing
- beachy 4y agoJust speculating but perhaps true competition wasn't introduced? Are there 3 or 4 genuine competitors, who aren't just retail frontages for the same back end company? (that's the way telcos and power companies here can be structured).