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Old 1st Oct 2019, 00:47
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Rated De
 
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Originally Posted by OldnGrounded
What we actually have is an example of unrestrained capitalism destroying competition to the point that the "market" provides only two choices for purchasers of large airliners. It doesn't much resemble a "free" market at all.
Precisely.

The assumption that capitalism equates "competition" is erroneous.

The natural state is comfortable duopoly.
The myth was eloquently destroyed by Johnathan Tepper: The Myth of Capitalism
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