No. of Recommendations: 3
Here you go, Jedi. I type this as I am drinking a Diet Pepsi. This is just one of literally hundreds of different kinds of soft drinks that I could drink. That is just one small example of the best thing about private business and the free market. The consumer gets a choice. If people decide they don't like something, New Coke for example, it disappears. If people like it, it stays. The business grows. As it grows it, profits increase, jobs are created, incomes are earned and money is spent on other goods and services and the cycle repeats.

Creating wealth is a truely unique and fairly new (in terms of human history) concept. Going back to soda pop. The cola wars of 20 years ago resulted in Pepsi making a huge gain in customers and Coke losing customers. Yet, Coke is making more money today than it did when it was a near monopoly. The "pie" grew. Wealth in America had been created. It wasn't a zero sum game. And this has been repeated across a ton of industries. Restaruants, fast-food joints, hotels, cars, even concerts. There is a lot more competition which means reduced market share for everyone, yet they are all getting richer than they could have ever done 50 years ago when there was less competition and one or two companys dominated everything.

Capitalism was even a major player in the Civil Rights movement. Every business that was boycotted for having segregated entrances or tables or whatever they had, found out that money was green, not black or white.

Does the market have it's flaws? Of course. Which is why we need regulations. And the market does't do a good job of handling situations where people aren't in a good position to make a rational choice. Like when they are taken to the ER in an ambulance.

But when it comes to consumer goods and services, the free market is the best option and works quite well.
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