It’s a fantasy though. An extremely competitive market would be nice, but in reality it would be a race to the bottom and those who started with more cash would win out, buy up or starve the competition and monopolise, giving them the extra space to be lazy and pass on profits to their shareholders, who dictate increased prices to increase their margins.
It’s a fantasy though. An extremely competitive market would be nice, but in reality it would be a race to the bottom and those who started with more cash would win out, buy up or starve the competition and monopolise, giving them the extra space to be lazy and pass on profits to their shareholders, who dictate increased prices to increase their margins.
That’s where you have to tax monopolies.
Monopolies will resist but it takes only some expropriations to motivate shareholders that they push for law-abiding behavior.