this post was submitted on 21 Sep 2023
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Those executives can also use the state for abuse. It's easier to get tax money with one government contract than having to sell something to all citizens. Or remember those epi pens. Regulations can be used to massively increase profits.
The point of free markets is that executives can be corrupt. Instead of voting every 5 years, customers can immediately react and buy somewhere else.
You may be right that private interests don't immediately fill up a government vacuum. With the internet, times may have changed and it could be easy for citizens to coordinate.