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Of course. Just as it's impossible to have zero inefficiencies in any business or market. That's why I said "ideal", i.e. unachievable. But the closer we get, t
by deepsun 7mo ago
Of course. Just as it's impossible to have zero inefficiencies in any business or market. That's why I said "ideal", i.e. unachievable. But the closer we get, the better we are.
Most inefficiencies come from hard-to-get-into markets, like telecom market is an oligopoly. Or information disbalance (business actors hide their pricing, khm.. hospitals khm..). A good government would try to remove them inefficiencies as much as possible (public pricing, easy-to-get capital), and make every business race-to-the-bottom competition.