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Even Milton Friedman said that prevention of monopolies was a legitimate and even necessary cause for government intervention, in order to preserve the free mar
by klabb3 4y ago
Even Milton Friedman said that prevention of monopolies was a legitimate and even necessary cause for government intervention, in order to preserve the free market.
Free market ≠ corporate capitalism. At least it didn’t use to be. Free market rhetoric is almost always using small businesses in their story telling, in which there is a lot of competition and an implicit level field. How to handle the vast concentration of power and wealth is basically outside the scope of most of these theorizers, which is unfortunate because it’s our biggest practical issue, imo.