A Completely Free Market

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In a completely free market, unsupervised by kings and priests, avaricious capitalists can establish monopolies or collude against their workforces. If there is a single corporation controlling all shoe factories in a country, or if all factory owners conspire to reduce wages simultaneously, then the labourers are no longer able to protect themselves by switching jobs.

From the Book Sapiens: A Brief History of Humankind, Harper Collins, 2015, ISBN 0062316095