when a huge multinational corporation worth more than the GDP of many nations organizes their resources using a plan decided by executives, and starts to vertically integrate to control their supply chain, and reaps the cost savings, that’s just good capitalism.
No organization that’s publicly owned could ever vertically integrate and make efficient use of resources, no, you need a dictatorship where the wealthiest have all the power for that kind of thing to work
The reason markets trend toward monopoly is that it’s so ineffective
medical practitioners competing with each other isn’t how medicine advances
If there’s no competition, then providers can just make up any price that they want and the government has to pay it.
When there’s an entirely planned economy, there’s no possibility for alternatives to be created.
when a huge multinational corporation worth more than the GDP of many nations organizes their resources using a plan decided by executives, and starts to vertically integrate to control their supply chain, and reaps the cost savings, that’s just good capitalism.
No organization that’s publicly owned could ever vertically integrate and make efficient use of resources, no, you need a dictatorship where the wealthiest have all the power for that kind of thing to work
The reason markets trend toward monopoly is that it’s so ineffective