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>That’s what a lot of this concern is really about. Legal bailouts for mediocre boomers who run inefficient, unambitious businesses with high prices. The free
by llm_trw 2y ago
>That’s what a lot of this concern is really about. Legal bailouts for mediocre boomers who run inefficient, unambitious businesses with high prices.
The free market only works when both consumers and producers are atomised and unable to exert market influence. Both billionaires, unions, conglomerates, vertical integration and every other trick labor or capital uses to increase their bargaining power are market failures.
In short: if you like capitalism you need trust busting along with union busting.
- aaomidi 2y agoCertainly a take.
- llm_trw 2y agoThat's the definition of a free market in every economics textbook.
- jjk166 2y agoIt's actually the opposite of what free market means in economics textbooks. The textbook definition of a free market is an economic system in which prices are determined by unrestricted competition between privately owned businesses. Monopoly busting and union busting are both government interventions that are explicitly not supposed to happen in a free market.