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This is total nonsense. Read Basic Economics by Thomas Sowell. In a free market companies that are making large profits quickly find themselves with competitor
by treeman79 3y ago
This is total nonsense. Read Basic Economics by Thomas Sowell.
In a free market companies that are making large profits quickly find themselves with competitors. People that do a better job cheaper are the winners.
Eventually a balance happens when several companies are making minimal profit.
Breakdowns occur when government interfere and let certain companies get an unfair advantage. Usually high regulation requirements that only certain companies can met.
Inflation is happening because the government is printing money like crazy. Same reason it happens all counties where money isn’t worth paper it’s printed on.
- srean 3y agoIn a free market ... there lies the rub.
- sowbug 3y agoYour argument is more soapboxing than an effective refutation of the complaint. You agree inflation is happening. You agree that large-profit companies are profiting largely. Thus, you agree with the factual basis of the complaint. Let us know when that Amazon competitor comes along.
- treeman79 3y agoWrong. My argument is that government is screwing everything up. Between printing money, which is what is actually causing inflation. Also that if any obscene profits are happening, it’s because the government is choosing winners, and losers. Like massive contracts for big Pharmacy, while banning , criticizing or bad mouthing, any alternatives to expensive drugs. Or shutting down all of the all mom and Pop stores during the pandemic, and only allowing big box realtors open up. Or having such high regulations In markets that no new competitors can enter. If you want less inflation, the government needs to spend less.
- npteljes 3y agoSo that begs the question. If the conclusion doesn't add up, the assumption can be wrong. So, maybe it's not a free market.