Because we don’t have anything resembling a free market at all. Large established businesses just buy the regulations they want, to keep out competitors. And if they do poorly they get bailed out.
What they can do is cooperate with the other viable competitors to raise prices together in a way that benefits each of them without the risks of competition. They’re not actually comfortable competing with an entity that might bully them out.
Because we don’t have anything resembling a free market at all. Large established businesses just buy the regulations they want, to keep out competitors. And if they do poorly they get bailed out.
Removed by mod
What they can do is cooperate with the other viable competitors to raise prices together in a way that benefits each of them without the risks of competition. They’re not actually comfortable competing with an entity that might bully them out.
Removed by mod