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by smallmancontrov 848 days ago
The political right uses multiple deca-billion-dollar megaphones to talk nonstop about this problem as it relates to the government while dramatically underrepresenting the extent to which it happens in the private sector so that they can lobby for privatization as a silver-bullet. I think it's fair for the article to shore up the complementary point of view. No less fair than what the right is doing, at any rate.
1 comments

Well the difference is, tax slaves are forced at the end of a barrel to prop up local governments, and purportedly don't do that for free markets
Private ownership of land and capital is also enforced at the barrel of a gun, lol.

When monopolies are common, every business school student openly aspires to rent-seeking moats, and regulators snore more loudly every day, the claims that the private market is checked by competition frequently ring hollow. The big difference between public and private sector is that the private sector has literally entitled themselves to this rent seeking behavior, while it's only a metaphor in the public sector.

Don't get me wrong, I think competition is a brilliant principle and I think markets are the place to make it happen, I just think that strong anticompetitive forces are common natural occurrences in free markets and I think that the government should play a stronger role in checking them.

How much is health insurance compared to local taxes?