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Free market innovation at its finest
(lemmy.world)
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this post was submitted on 27 Oct 2023
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But that's not how it works. That completely ignores things like barriers to entry, volume and scale, and the fact that people don't have free and clear information.
When you look at economics the way you're doing, it's like looking at physics 101. In a vacuum with no friction. That is not how the real world works.
Source: I have an MBA and 20 years experience working for a global financial institution. Also, I have eyes and can see how things are.