Decentralization in capitalism and free markets prevents monopolies, fosters competition, and protects workers from low wages.
Decentralization of power is an important aspect of capitalism and a free-market economy because it helps prevent any one company from becoming a monopoly, which can lead to a concentration of market power and hinder competition. In a decentralized system, companies are constantly tested to satisfy consumers, innovate, and improve, ultimately benefiting both consumers and the economy as a whole.
Moreover, decentralization provides procedural fairness to employees and empowers them, leading to faster decision-making and attracting job candidates. It also protects workers from low wages by encouraging competition among employers to offer better wages to attract and retain employees.
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