Yeah, that’s how under-regulated markets inevitably work: someone who has no incentive to prioritize fairness or the common good accumulate too much power and use that power to gain more power etc until only the most powerful remain and everyone else, especially consumers, suffer immensely.
I imagine if you had a lot of competition, prices might stay lower. But the reality is that monopolies or cartels or whatever will form
Yeah, that’s how under-regulated markets inevitably work: someone who has no incentive to prioritize fairness or the common good accumulate too much power and use that power to gain more power etc until only the most powerful remain and everyone else, especially consumers, suffer immensely.