rich1.0sommerfeld (npub16r…kz5pl)https://yabu.me/npub16r0tl8a39hhcrapa03559xahsjqj4s0y6t2n5gpdk64v06jtgekqdkz5plnjumphttps://yabu.meI remember reading somewhere that perfect competition under a free market was not really stable nor desirable. This is because it causes profit margins to tend to 0 which has 2 negative effects: * makes companies more fragile to externalities * does not allow companies to accumulate treasuries that enable them to do research, innovate, take risks, etc The end result is a stale stagnated balkanized economy. The corollary is that some market imbalances and assymetries are healthy. Anyone knows where this reasoning comes from? Did I dream it up?