Because we don’t have anything resembling a free market at all. Large established businesses just buy the regulations they want, to keep out competitors. And if they do poorly they get bailed out.
I agree to some extent, but they are still battling against one another for the business, so they cant just raise prices or they lose market share, typically.
What they can do is cooperate with the other viable competitors to raise prices together in a way that benefits each of them without the risks of competition. They’re not actually comfortable competing with an entity that might bully them out.
That is price fixing and can end them up in jail and is super obvious when on a large scale. Why couldnt it be the government just printed a bunch of money and that caused inflation?
Because we don’t have anything resembling a free market at all. Large established businesses just buy the regulations they want, to keep out competitors. And if they do poorly they get bailed out.
I agree to some extent, but they are still battling against one another for the business, so they cant just raise prices or they lose market share, typically.
What they can do is cooperate with the other viable competitors to raise prices together in a way that benefits each of them without the risks of competition. They’re not actually comfortable competing with an entity that might bully them out.
That is price fixing and can end them up in jail and is super obvious when on a large scale. Why couldnt it be the government just printed a bunch of money and that caused inflation?