Chapter 13: Making Markets Work



Chapter 13: Making Markets Work

This chapter opens with an explanation of the theory behind a capitalist democracy, and its working just the way it should when all of the conditions are perfect and nothing has been tainted with anything like subsidies or taxes that tilt the market toward one outcome and away from another. In the real world, however, where government tilts markets all the time, innovation introduces new competition all the time, the markets are fraught with monopolies and several other factors mean competition is never fair, some strategy for navigating the system needs to ...