> then any good actor products will be crushed by profitmaxxing competitors
This is what I always say, and defended by many economists: The free market needs legislation and enforcement! Especially public companies, which are especially adamant to maximize shareholder profits at any cost.
Fee market only reacts in a positive way by default in matters that are clear to customers, eg pricing. But when the user isn't the customer, and the defects are not immediately sensed, winners will never do the good thing on their accord.
This is what I always say, and defended by many economists: The free market needs legislation and enforcement! Especially public companies, which are especially adamant to maximize shareholder profits at any cost.
Fee market only reacts in a positive way by default in matters that are clear to customers, eg pricing. But when the user isn't the customer, and the defects are not immediately sensed, winners will never do the good thing on their accord.