Train thought, but in the sense of Economy, Billionaires are holding and gather capital without putting or only a fraction of it back to the free market.
So, they are the biggest threat to a free matket Economy.
Train thought, but in the sense of Economy, Billionaires are holding and gather capital without putting or only a fraction of it back to the free market.
So, they are the biggest threat to a free matket Economy.
When billionaires use those agglomerations of capital to manipulate markets and engage in other types of anti-competitive practices, it turns a free market into a captured market.
Anti-monopoly regulation & enforcement is required to maintain a market’s freedom.
There is no such thing as a free market IMO.
Either you have an unregulated market dominated by big players which isn’t free because of said big players, or you have a heavily regulated market, that gives a fair chance to anyone, but isn’t free at all because of the regulation.
The free market is an illusion, just like the american dream. Which shouldn’t be much of a surprise, seeing as the american dream builds off of the illusion of a free market and fair chances for anyone