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by Spooky23
2457 days ago
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Free markets require agency on the part of the participants. Network effect businesses in many cases devolve to central planning, because it's more efficient. You don't need computers to do this stuff. The problems and solutions that the Soviet Union faced in central planning are not dissimilar to what Uber faces in its corner of the universe. Fundamentally, Uber sells a product that is too expensive for the market to adopt in critical mass. So they implement price controls, first by flooding external capital, and then by squeezing the suppliers. |
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