By Kevin D. Williamson:
I have for many years argued that most people would be enthusiastic about capitalism if not for their interactions with a small number of businesses that unfortunately occupy critical positions in the everyday economy: banks and credit-card companies, insurance companies, cable providers, airlines, and a few others. Most of those companies have a few things in common. They tend to be located in industries that are heavily regulated, which leads to consolidation and weak competition. They generally are located at choke points, meaning that many people in the ordinary course of affairs are obliged to do business with them in order to simply get on with their lives. And they often are located at the intersection of big government and financial services. And in almost all cases, they put consumers on the losing end of an asymmetrical relationship.
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