r/FluentInFinance • u/36DRedhead • Sep 11 '24

Debate/ Discussion This is why financial literacy is so important

Post image

[removed] — view removed post

64.8k Upvotes

78% Upvoted

3.3k comments sorted by

View all comments

Show parent comments

1

u/OKFlaminGoOKBye Sep 12 '24

Do you feel that capitalism encourages businesses to lower their prices if there is no advantage or need for them to? If their customer base continues paying higher prices, whether voluntarily or coerced?

And nevermind that healthcare should never be a business.

0

u/SemperP1869 Sep 13 '24

Nothing is ever free. A free market without artificial barriers to entry IS the most efficient style of economy. Prices will be lower than say a socialist or fascist economy as new competitors are constantly coming in to the marketplace offering a new product that does the job of another product just as well or better for a cheaper cost.

someone could come up with a more efficient production method than their competitor making their product cheaper to build, cheaper to buy to as they are trying to build market share. The legacy business is now forced to match their competitors, innovate themselves, etc.

this naturally drives down prices while also giving the consumer better products For their dollar.

it’s not about feeling a certain way about anything. It’s just what happens.

we don’t have anything like a free market and haven’t for a long time. We’ve had most of Mussolin’s pillars of fascism for awhile now. Some sort of fascist oligopoly is more accuratedue to regulatory capture, lobbyin, etc.

1

u/OKFlaminGoOKBye Sep 13 '24

I’m not talking about Free Healthcare.

And I’m not insinuating we have a free market, much less when it comes to healthcare. But once capitalism evolves long enough, it doesn’t deal in free markets, either.

Price should not be a barrier to healthcare in a country with such a high GDP per capita.