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over_bridge | 1 year ago

Free market ideology has a lot in common with religion. Ignore all data and common sense and just embrace the idea that its true. All will make sense once the goal is achieved and until then you just have to have faith.

The idea that competition is the holy grail of progress is a similar situation. Cooperation is far superior. When two lions compete, both get covered in scratches and bites and they die of infection. When they work together they can hunt and raise a family. We are always expecting companies to compete when one look at an actual megacorp will show you how much effort they spend on avoiding competition. It's all mergers and acquisitions. Buy your competitors before they are a challenge and add them to your empire (cooperation). Why does every industry merge into a monopoly? Because its far easier to cooperate as a single unit than as separate entities sniping at each other

The pursuit of the ideal free market forces us to adopt such unnatural beliefs and behaviors, and we have to pretend they are just fine.

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