Markets require adult supervision. Markets only lead to prosperity and freedom when they are genuinely free and fair. Intuitively, if firms can dump toxic waste into rivers, lie to their consumers, and form alliances to fix prices, there is no guarantee that maximizing profits will increase either aggregate wealth or individual freedom.
Content: Quotation
Author: Rebecca Henderson
Source: Management and Business Review (MBR)
Subjects: Capitalism, Economics
Author: Rebecca Henderson
Source: Management and Business Review (MBR)
Subjects: Capitalism, Economics
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