3 ms·
There is no such thing as a "healthy competitive market". That is a totem, or a fantasy. As is exemplified in the article itself, the reasonable behavior of com
by einpoklum 2mo ago
There is no such thing as a "healthy competitive market". That is a totem, or a fantasy. As is exemplified in the article itself, the reasonable behavior of commercial corporations is to make the market non-competitive and 'unhealthy', whatever the starting situation is.
But it goes deeper than this of course: A commodity-exchange-based economy only forms in 'unhealthy' situations, where people are dominated by powerful minorities which can control most property and input flows - lands, workshops, raw materials etc. Before that happens, economies are communal.