The Fragility of Free Markets

The free market, often considered a mechanism to efficiently meet consumer needs, faces a significant challenge - its own potential self-destruction. Underlying this concern is how capitalism, with its emphasis on capital acquisition and progress, interacts with the free market. While capitalism can drive the market, it introduces vulnerabilities such as monopolistic tendencies and short-term thinking that undermine the market's stability. The influence of monopolies, like Facebook, can limit consumer choice and incentivize a focus on short-term gains, impacting long-term societal well-being.