Competition, Politics and Free Markets

“After all, if good ideas cannot be implemented in the current political environment, it is probably because the political environment needs to be changed, not the ideas.”

Competition may be a customer’s best friend, but firms like it much less. Companies do their best to hamper competition, because that makes it easier to make money...So it is only natural that entrepreneurs and business people try to block competitors. If kept within acceptable limits, this is economically healthy.

The most debilitating barriers to entry, though, are those that the law creates. The state has the ultimate monopoly: the monopoly on the legitimate use of violence.

A Capitalism for the People: Recapturing the Lost Genius of American Prosperity by Luigi Zingales

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