According to the prevailing dogma, markets work ‘properly’ when the interests of the consumer are maximised: real competition will ‘drive up quality’ and ‘drive down prices’.
This is what we are told, look at all these shoe shops, sure that must means the shoes will be cheaper.
Competion is the champion of the consumer. Well, no, i am afraid not, 'competition means cheaper goods for us' is a truism which isn't true.
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