Re:Analysis of the United Airlines passenger removal incident
by coldtea on Thursday April 20, 2017 @06:47AM
(#14155551)
Because "free market" in practice means "what the big fish allow to happen with the help from their friends at office".
The only one who can guarantee a free market (e.g. big players not monopolizing, abusing their position, underbidding and then killing small more efficient players, etc) is the government/law.
But the government is also often in the hands of big players, and passes laws to their favor.
And even when it isn't, they have the upper edge in other ways (purchasing and negotiating power, better lawyers, more money to burn, etc).
Heck, even the simple fact that "bigger player = more advertising money" can make free competition from a newcomer a non-starter. Even if the new company can make something for cheaper (despite the better economies of scale of the big players) people don't buy cheaper, they mostly buy what they know.
Hence, free market is a myth, perhaps even more so than communism.
The only one who can guarantee a free market (e.g. big players not monopolizing, abusing their position, underbidding and then killing small more efficient players, etc) is the government/law.
But the government is also often in the hands of big players, and passes laws to their favor.
And even when it isn't, they have the upper edge in other ways (purchasing and negotiating power, better lawyers, more money to burn, etc).
Heck, even the simple fact that "bigger player = more advertising money" can make free competition from a newcomer a non-starter. Even if the new company can make something for cheaper (despite the better economies of scale of the big players) people don't buy cheaper, they mostly buy what they know.
Hence, free market is a myth, perhaps even more so than communism.