Economcial, Billionaires are the biggest threat to the free market
Economcial, Billionaires are the biggest threat to the free market
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