Title: Why Free-market Economics Is a Fraud | HuffPost
Headings: Why Free-market Economics Is a Fraud
Why Free-market Economics Is a Fraud
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Content: Which means that whatever you have to sell in that market, so does your competition. Which means price war. Which means your price gets driven down. Which means little or no profit for you. Oops! Naturally, businesses flee perfectly competitive markets like the plague. In fact, the fine art of doing so is a big part of what they teach in business schools. That’s why businesses use strategies like product differentiation, so their competition is no longer selling the exact same product they are. That’s why they use strategies like branding, so their buyers don’t think the products are the same. Businesses will, in fact, do almost anything to get out of the hell of pure head-to-head competition.