No, In a true free market competition drives prices down as each company aims to grab you as a customer and it forces efficiency in the manufacturing or development to cut costs. Since lobbying has taken over, there is no free market, it is manipulated to favour the bigger donor or other backend deals to eliminate competition.
For example in Canada we have a giant grocery chain that also has a property company, the property company will only lease to themselves, and they have agreements that no other stores can open a certain distance from them. It means that we overpay on all food
In a true Capitalist society a competitor would be fighting for same sales. What we see is lobbying of government to favour one monopolistic company.
No not really, this is how capitalism is supposed to work.
No, In a true free market competition drives prices down as each company aims to grab you as a customer and it forces efficiency in the manufacturing or development to cut costs. Since lobbying has taken over, there is no free market, it is manipulated to favour the bigger donor or other backend deals to eliminate competition.
For example in Canada we have a giant grocery chain that also has a property company, the property company will only lease to themselves, and they have agreements that no other stores can open a certain distance from them. It means that we overpay on all food
final goal of capitalism is to generate profits and thats what leads to lobbying and monopolies, thats why I said this is real capitalism.
Except where lobbying is illegal like South Korea and they don’t suffer like we do with monoplies