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 Originally Posted by Jack Sawyer
Ok wuf, explain to me 2 things please.
1) How will a fully free market avoid going in the crony capitalism phase?
That would probably require enough people discarding the anti-market bias so that they don't encourage intrusive government.
As a firm gets big enough, it can just buy its competition and raise prices as it sees fit, correct?
No, firms can't do that. We can discuss why that is if you would like.
2) How would a fully free market avoid the Daraprim situation?
This situation is a good sign that the market is working to make things better. Here's an economist explaining why price gouging improves lives while not allowing price gouging harms lives.
http://econlog.econlib.org/archives/..._on_price.html
I can go a bit more into it than he does in this brief article if you would like.
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