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EPISODE 20: CAPITALISM vs CORPORATISM

 

The United States of America is blessed with a free market capitalist economy, which affords people the opportunity to create a better life for themselves through providing goods and services needed. The idea is you provide a needed good or service to those needing them in exchange for compensation.

Growth comes in the form of expanding the pool of customers seeking those goods and services. Over time, the organization becomes more operationally efficient, but will face greater competition as more providers enter the market to shrink the profit margins. That is what is supposed to take place in a market economy.

In my featured content, I discuss the issues that occur when public policy affords parties the ability curb competition, implement barriers to entry, and change the dynamic of natural markets.