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Unfree Markets and the Diminishing of Choice

Over the past several decades, major cities across the country have introduced market-strangling regulation designed to protect certain industries from competition, resulting in a net loss for consumers and an unhealthy constraint on the local economy.

In a truly free market, choice would only be limited by supply and demand, and human imagination. If retailers see a steady stream of profit, whatever a customer desired would be made available. If the market for one product declined, merchants and manufacturers would repurpose and cater to some other need or desire.

As government comes calling, however, freedom of choice is restricted. Sometimes those restrictions are good, but often they are not. Arbitrary restrictions on street vendors and ride sharing companies like Uber are a good example of what happens when business and government collude to reduce consumer choices.

Over the past several decades, major cities across the country have introduced market-strangling regulation designed to protect certain industries from competition, resulting in a net loss for consumers and an unhealthy constraint on the local economy.

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