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Originally Posted by pylon
Capitalism promotes competition and competition creates cheaper prices. Over regulation stifles everything. Once you have multiple players in anything, at least one of the parties is going to try and buy market share with a lower cost. It's why virtually everything is cheaper in the US. Massive competition and less regulation.
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Okay, but...
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It's why we pay 3X the money for a block of cheese in Canada. You can thank the Canadian Dairy Commision.
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The US dairy industry is directly and indirectly subsidized by the government to the tune of tens of billions of dollars annually, so that dairy products can be sold for far less than the cost of production. US consumers don't pay as much upfront for dairy products, but the difference is made up on the back end by the amount of taxpayer money funnelled into propping up the dairy industry.
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It's why Space X can put a rocket in space for 1/10th of the cost of the government.
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"The government"—NASA—always contracted out the design and supply of rockets and componentry. SpaceX has received billions and billions of government contracts over the last 20 years. If not for government contracts they would have gone belly-up long ago.
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I could type out examples for an hour. The US system certainly has its flaws, but it is far better at price regulation than Canada.
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There's no doubt it's a bigger market with more competition, but if you think prices are lower in the US simply because they love capitalism that much more than we do, you're delusional. They manipulate their markets just as we do, and subsidize the crap out of all sorts of stuff.