Competition and Choice

in #economics7 years ago (edited)

I rarely eat fast food. Perhaps twice a month, I take advantage of a burger joint for a quick bite. Over the past several years, I have noticed that the nationwide chains have been making an effort to update their decor and menus. There has been a shift toward more muted colors and a coffee shop or bistro vibe. It's clearly counterfeit, but it is different, and I think it's still a change for the better. And a chicken sandwich that has a recognizable chicken breast instead of mystery McNugget stuff is good.

Contrast that with the United States Postal Service, the Department of Motor Vehicles, or any other government monopoly bureaucracy. When consumers have no choice, no one can measure how well the good or service in question is being provided. There is no real need to satisfy a customer who has no alternative options. All that is necessary is the bare minimum, and that is all you get at best. Monopolies promote waste and abuse. Government is no exception.

Choice is good. Even mega-corporations like McDonald's and Burger King can't escape the need to serve consumer demand when choice is available to them. That is why governments cannot afford to allow choice, and why many corporations use regulatory capture and cronyism to restrict consumer choice in order to gain control. Freedom means escaping such control schemes wherever possible, and pointing out its failings to those who mistakenly believe it offers security.

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The other problem with government is the way its rules and procedures are set in stone, so that it takes much effort and time to make changes. I was recently at my Post Office to pick up a registered package, and marveled that in the 21st Century a human being actually had to go into the back and look for it. There was nothing modern like a scanner to read my little piece of paper. It turned out that it had been delivered, but only after going into the back and searching for several minutes. A scan would have shown that immediately and saved some valuable human labor time.

But to get equipment like that takes a very long procurement process, all to be supervised and approved at several levels, according to complicated regulations and procedures. All funding is already allocated permanently and new funding will always be required.

Turning things over to government makes them static, non dynamic, unable to shift with the times. The private sector always offers better goods and services. The only excuse to use government is when accountability is absolutely necessary.

I just wish more people truly understood what they sacrifice for accountability and security.

Bureaucratic stagnation is why government can't work, and also why megacorporations rely on government to stifle their would-be competitors who would otherwise out-maneuver and out-innovate them. Government may be bad at the things it advertises we need it for, but it is dreadfully efficient at Mafia tactics.

Nice post. Very informational post also. thanks for share

Generic praise is spam. No upvote after offering praise indicates you're not sincere. Such comments often get flagged. Check out the Steem Pope post on commenting etiquette, please.

I think there is no advantage of fast food in our body. Fast-food is the source of different diseases.
I don't know you agree with me or not. But its my point of view. Thanks

It may have been the source of my food poisoning, but the grocery store deli food may have as well. When I eat fast food, I try to choose less-processed options.

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