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Free market or competitive marketplace? My preference is the latter.
Think about competition. How does it work? It requires rules and a playing field for it to thrive. The true free market reaches consolidation and a state of monopoly, which is terrific for the guy that owns the business, but bad for most everyone.
Does anyone think that football, hockey, etc. are not competitive? You bet they are! And they have rule books to make sure that it remains that way. The same thing applies to business.
We use government to write the play book. The rules are shaped to encourage and foster real competition. The name of the game is to create an environment where business thrives, and business also serves the needs of the citizenry.
It is possible to have GDP growth that benefits a minority of the population. What we need is growth that benefits everyone.
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