Free market. December 2023. Page Version ID: 1189274274. URL:
When I looked at the “Free Market” source in the bibliography, what surprised me was how neutral the Wikipedia definition sounded compared to how the term is used in real debates. The page describes the free market almost like a clean, ideal system where supply and demand naturally balance. But reading it after the chapter made me notice the gap between that ideal and the way companies like Meta actually operate. In theory, free markets are supposed to create competition and benefit consumers, but in reality we often see the opposite—big platforms trying to reduce competition and lock users in. It made me wonder whether the “free market” idea still makes sense in industries where network effects basically guarantee that only one or two companies will dominate.