
If there is a universal law of the free market, it must be the principle of competition, notably with regards to prices. Our walls, our screens, our media [JE NE COMPRENDS PAS] remind us of this every single day. Without this competition, technical progress would be of no benefit to consumers. Herein lies the crucial flaw of state-directed economies. The market always knows better than a commission of super technocrats what must be the correct price of a pair of shoelaces.
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