2 ms·
Combine that with the fact that many states have made direct-to-consumer sales illegal [1]. Pure rent-seeking and regulatory capture from dealerships. Similar w
by madars 3y ago
Combine that with the fact that many states have made direct-to-consumer sales illegal [1]. Pure rent-seeking and regulatory capture from dealerships. Similar with hospitals: certificate of need laws [2] mean that you need to go to your direct competitors to ask for their permission to start a new hospital. Imagine if to open a pastry shop you needed a permission from every other pastry shop in the city. When someone says: capitalism is bad, ask - what capitalism? We don't have one.
[1] https://www.wispolitics.com/wp-content/uploads/2021/08/State-Laws-on-Direct-Sales.pdf https://www.wispolitics.com/wp-content/uploads/2021/08/State... (PDF)
[2] https://en.wikipedia.org/wiki/Certificate_of_need?useskin=monobook https://en.wikipedia.org/wiki/Certificate_of_need?useskin=mo...