Crime Against Humanity: Pensée Unique in Economics, 20

No factors are present jeopardising the presence on the market of enough sellers−producers to ensure perfect competition. These are all the factors which make organisations the more competitive the bigger they are or they get, and a less euphemistical way to define this condition is that the market is oligo−monopoly−proof. Such factors include the economies of scale and the increasing returns to scale we’ve seen before, hence why neoclassical economics is based on the assumption of non−increasing returns to scale: increasing returns to scale destroy their fiction called perfect competition.
I mean, once again you can dedicate yourself for a little while to see for yourself whether these conditions do occur in the real world to a full extent. Even though some may not be so self−explanatory and observable, so much that we’re going to review next one of them in particular indeed, I guess you can get the idea. Hence, what’s the point in assuming perfect competition?
I started by saying that a perfect competition is a fair one where no one throws one’s weight around, and indeed by its definitions it is one where no one has the power to set the price. It is also true that such definitions are themselves influenced by neoclassical economics, in that they are focused on price alone, and it has been observed how in this regard neoclassical economics fails to consider all the other facets of market competition, such as competition on quality through better products, competition on quantity through greater choice and availability such as with large−scale retail, competition on service through better assistance, logistics and speed, competition on information through advertising and control of media, competition on support through the control of finance, legislation and “public opinion”, and indeed this vast incompleteness adds to the gap between neoclassical economics and reality.
However, these definitions of perfect competition nonetheless go to the heart of the matter: there is but one cause behind all the various factors making the competition imperfect, and that is the intention of some economic players to defraud others with a rigged deck of imperfect competition. As usual, the purpose of staging a lie is concealing the truth, and those who profit from that.