When Steelers Steal
In a free-market economy, firms threatened with competition often respond by searching for ways to increase efficiencies, attempting to lower costs and improving on economies of scale and scope. Meanwhile, protectionists and labor unions seek to avoid having to become more efficient by simply outlawing competition, writes Christopher Westley. This audio Mises Daily is narrated by Clay Barnett.
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Show Notes
In a free-market economy, firms threatened with competition often respond by searching for ways to increase efficiencies, attempting to lower costs and improving on economies of scale and scope. Meanwhile, protectionists and labor unions seek to avoid having to become more efficient by simply outlawing competition, writes Christopher Westley. This audio Mises Daily is narrated by Clay Barnett.