C’mon guys this is such an easy win for us as a country. Justin went a little too far with his style of governing for a lot of you and now the liberals have voted this guy to be it’s leader and new PM. This is who we want to lead us into the second half of the 20th century, this guy is so fucking smart. Pierre just sings slogans and simple pretty things that sound nice but in reality he’s just going to sell us off to American interests and cut the things that help working people.
The nuance I’d add is that while free markets are efficient, serving the public good is more important than the purest efficiency.
As an example, an unrestricted free market incentivizes the development of monopolies. This can be efficient and in the extremely long term these monopolies may fall to disruptive new entrants — but we humans live in the present and take little solace in the idea that the monopolist will someday get too bloated and fall. We just want to afford groceries!
So using competition bureau powers, we can restrict those markets. This may subtract from some extreme market efficiency but that’s an efficiency only the monopolist benefits from in a useful time frame.
The same principles are true in many other areas of the economy.