4 ms·
So much for market forces in the land of the free! How is this not market forces? Europe is using anti-market forces regulations to artificially lower the pric
by dagw 2y ago
So much for market forces in the land of the free!
How is this not market forces? Europe is using anti-market forces regulations to artificially lower the price, while the US is letting the market (ignoring some monopoly and collusions arguments of course) find the 'natural' price of a product. "Market price" doesn't necessarily mean lower price.
- EugeneOZ 2y agoThere can not be a “natural price” without competition.
- the_duke 2y agoEven the most pro free market economic theories have the core assumption that the free market only leads to efficient pricing under a set of core assumptions. These include low barriers to entry, strong competition, perfect elasticity on both the consumer and producer side, and no mono/duo/oligopolies that prevent those from working correctly. This is a classic oligopoly where the free market does in fact not work to find the "natural" price.