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>> This is one of the situations in which free market fails to deliver the optimal (for consumers) solution. I never considered the free market idea to be base
by ttt_ 15y ago
>> This is one of the situations in which free market fails to deliver the optimal (for consumers) solution.
I never considered the free market idea to be based on delivering the optimal solution for consumers, actually the oposite, it delivers the optimal solution for enterprises, specially the big ones where the real money and power is made and retained or traded.
Market does not preocupy with people, the state does (In theory. In practice the state may just pretend to preocupy or simply perform poorly or corruptly). Nevertheless, Market's only concerns are Buy and Sell, anything it says is Marketing and everything it does is Strategy.
- aptwebapps 15y agoMaybe you don't look at it that way, but a lot of other people do. Indeed, it is a central tennet of the free market philosophy.