freemymind 🇨🇭 on Nostr: Yes totally. Free markets do provide good opportunities for poor people. But all ...

Yes totally. Free markets do provide good opportunities for poor people.

But all great economics, that propagate free markets know, that it is bad for a market, when an entity gets too powerful.

A free market ascumes such a numer of consumer, so no single consumer can significantly influence the marketprice. And also such an amout of service provoders, so that no single provider can significantly change market prices.

And these conditions are getting out of balance, when society allows any person or institution, to use their power to interfer in markets in an unfair way.

And this is what the USA, Ruscia and China does with their military. It is what Glencore, Nestlé, Facebook and Google do with their economic power.

And when we as individuals belief in free markets, we should stop cheering any of those who interfere in consensual interactions through their power.