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> competition tends to benefit the consumer In regulated markets. After all, things like anti-cartel laws are regulations, and we absolutely do need those.
by trobertson 13y ago
> competition tends to benefit the consumer
In regulated markets. After all, things like anti-cartel laws are regulations, and we absolutely do need those.
- jessaustin 13y agoThere are better examples one could use. After all encouraging competition isn't really the point of cartels.
- pohl 13y agoI think the point was that cartels will form in a regulatory vacuum and therefore the intrinsic virtues of market forces are oft overstated.