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> In a free-market economy, the companies that make less optimal decisions will have their lunch eaten by those that don't. And that's one of the reasons we do
by RHSeeger 3y ago
> In a free-market economy, the companies that make less optimal decisions will have their lunch eaten by those that don't.
And that's one of the reasons we don't have free market economies in general; because they are extremely harmful to society as a whole.
- 0xpgm 3y agoThe USSR collapsed because of imbalances caused by decades of centralized planning and control. China survived communism because it implemented free-market reforms (while retaining centralized control in the political structure). I'd say generally, the free market is what makes economies work. Edit: minor rewording
- RHSeeger 3y agoNo, some amount of "free market" leaning is useful. But absolute free markets are catastrophic to society. I'm not aware of any major countries that have an actual free market. They all have laws limiting what companies are allowed to do.