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Anonymous's picture
5 years 8 months ago
Anonymous - Well basically the logic behind any market is very dependent on its economic freedom .Economic Auto regulation is a concept that theoretically Is only applicable in free markets . However maybe Lebanon is just closer to a medieval politico-economic-social even cultural structure very similar to feudalism where monopoly of the land was held by an elite ruling class . Demand and supply laws do not impact pricing in the case of monopolies. its all in the hand of the elite easing the tap when stability is beneficial for them and squeezing it when instability can be used for proper purposes.