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>If the labor market functioned correctly

See my previous comment about theory breaking down in practice. There are all kinds of asymmetries that make economies not function correctly in a theoretical sense and we (as a society) develop policies to mitigate those dysfunctions.

I don't know that the scales operate in ways that allow for every corporate (pseudo)monopoly to be broken up and still have viable industries. Especially in countries that succumb to regulatory capture. That means there would need to be some countervailing balance to that power, and that's where unions come in.



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