Do Libertarian Ideals Ignore the Realities of Corporate Power?
If corporations can skew the market to limit competition and exploit consumers, isn’t that just another form of concentrated power? How do libertarians reconcile the idea of ‘free markets’ with the reality that unchecked corporate power often undermines them? Wouldn’t some regulation be necessary to preserve genuine market freedom? ◦ The repeal of the Glass-Steagall Act in 1999, which had separated commercial banking from investment banking since the Great Depression, is a clear example deregulation, often aligned with […]
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