Stefan... there is no such thing as an actual free market. Regulations are everywhere. Some are necessary. Trump is right.. a fair market & fair trade should be the goal .. with as little gov regs as is necessary to make it happen.
If it’s a very small town, that means few people want to live there, which means that housing prices are low – you can afford to pay a few more bucks for grocerieshttps://twitter.com/room_1oh1/status/1117438417787326464 …
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1. Employ small regulations to make the market 'fairer' 2. Entrepreneurs suffer and this reflects on their employees 3. Unemployment surges and stuff become more expensive 4. Government doesn't know what to do and propose more regulations 5. GOTO 1.
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Sensible regulations are what is needed. It is widely known large companies lobby for expensive regs to hurt the little guy... the little guy in general isn't the problem. They are often priced out of the market &:then the gouging begins.
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You stop lobbying by stripping power away from governments, not propping them up. More power is given to the government within each 'sensible regulation', so this obviously degenerate into shit like the '08 bailouts, for example.
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In a free market system the big biz can't lobby the government because it simply does not exist (or is heavily bonded by a constitution, as minarchists propose). Big businesses would be big because they add a lot of value. They got to choose to buy from them in the first place.
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Big businesses often got big by undercutting until the little guy was gone.. many enterprises try this route & fail.. in just about every industry.. they absorb losses until they expire or win the market.. then they gouge. . Or cut a deal/collude etc.
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How can the only store in town afford to have prices higher than what their local economy can support? If people have to go there then it is cheaper than the next viable option.
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Lack of competition creates monopolistic pricing. If it's not easy or viable for you to switch to an alternative product or service, then I have the ability to raise my prices because you have to pay (especially if what they're offering is a necessity)
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You'll buy your milk, eggs and bread even at monopolistic prices, and forego other economic activities like savings, vacation, etc.
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I get that in theory but where does it happen in the world without some type of government guns behind it? I am struggling to think of something I would consider a monopoly that is not enforced or created by some gov intervention...
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To me, freely occurring monopolies could be a benefit. If the competition simply can't beat the product or service being offered, that's a win for the consumer. But If prices get out of line or innovation slows, they'll be replaced. I agree, government monopolies are the problem
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Or drive to the next town over for Walmart
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Home prices and living expenses tend to be heavily correlated to local employment and salary opportunity. So the individual can move to another location or create an entrepreneurial solution to the problem.
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Your going to spent those bucks driving
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Factually spoken.
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