Δύναμις wrote: The competition NEVER EVER improved things for the consumers.
But there is a direct relationship between economic freedom and prosperity right?
The
Heritage foundation releases every year a report and a ranking which measures the economic freedom of each country. These are some of the key facts of the latest report:
“It is notable that nations that have focused on improving their competitiveness and opening their societies to new ideas, products, and innovations have done a much better job of achieving the high levels of social progress that their citizens demand. It is not massive redistributions of wealth or government dictates on income levels that produce the most positive social outcomes. Instead, mobility and progress require lower barriers to entry, freedom to engage with the world, and less government control.”
“Nations with higher degrees of economic freedom prosper because they capitalize more fully on the ability of the free-market system to generate and reinforce dynamic growth through efficient resource allocation, value creation, and innovation.”
“In addition to enjoying higher levels of prosperity, people in economically free societies live longer. They have better health. They are able to be better stewards of the environment, and they push forward the frontiers of human achievement in science and technology through innovation.”
In my opinion the big corporations dont represent the true capitalism. What we have nowadays is a "crony" capitalism where these big corporations have the power to influence governments for their own benefit.