Charles Hugh Smith – One of the greatest myths about “free markets” is that enterprises create products and services to meet the needs of consumers. That sounds nice but that’s not what happens in monopoly-cartel dominated economies like ours.

In monopoly-cartel dominated economies like ours, what actually happens is the monopoly / cartel (i.e. a handful of quasi-monopolies that completely dominate their sector) limit their offerings to the most profitable products and services and force customers to buy them by making it impossible to find better-value options. Continue reading →