PREMIUM
MIGUEL ORS VILLAREJO
Updated Sunday, 9May2021-01: 16
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"Regulation is necessary to correct market failures," says
Alicia Coronil, Singular Bank's chief economist.
For example, when one of the parties to a transaction has more information (the mechanic, the plumber, the banker), abuse can occur.
Nor did the paper industry usually internalize the cost of fuming or landfilling.
And the big multinationals used their financial bellows to sell at a loss and get rid of potential rivals.
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