A Case For Free Markets
Published: June 30, 2020
One benefit of the free-enterprise system is that it prevents anyone from having too much power. Free markets encourage individual initiative by allowing competition from even the smallest of producers. Competition keeps the playing field even
In my opinion, the strongest argument for free enterprise is that it prevents anybody from having too much power.
Whether that person is a government official, a trade union official, or a business executive.
It forces them to put up or shut up.
They either have to deliver the goods, produce something that people are willing to pay for, willing to buy, or else they have to go into a different business.