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Trickle-down economics is "wrong" according to the IMF

#14

Quote:Eric,


You are so dead on with alot of your thoughts. But this is just one that for some reason you keep missing on. A free market without "3rd Party interference" leads to either a monopoloy or an oligopoloy. Both of which kill free markets.


In business, companies either try to bankrupt competitors, or they buy them out and make them part of thier own business. In today's world, we see that all the time. You need rules, and you need to enforce rules, that create competition and a "fair" market. A free market with no rules pushes companies towards consolidation... Consolidation is part of the reason we have such stagnation right now.


3rd party doesn't just refer to government, it can be insurance companies or corporate third parties as well. Private ownership where transactions are strictly between supplier and consumer is a true a free market. The moment you have percentages of ownership sold on the stock market, insurance companies subsidizing cost, government subsidizing the cost, and regulation controlling the players you don't have a free market.
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Trickle-down economics is "wrong" according to the IMF - by EricC85 - 06-22-2015, 07:30 AM



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