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There's a nuance issue with your above statement in that you need both a free market and strong competition in that market. You can coerce people or companies t
by snapplebobapple 4y ago
There's a nuance issue with your above statement in that you need both a free market and strong competition in that market. You can coerce people or companies to compete in a market all you want with mixed effect but if you have people/companies choosing to compete in a market because they think they can win by providing better value, then you have the actual driver of consumer surplus growth. What this means is that government should focus on restraining/breaking up businesses that have market power and possibly on mitigating natural monopoly situations preferentially if they are going to get involved.