Tom S. wrote:

...

One group that WILL NOT stand ofr incompetence is the consumers in a market.
...



Consumers do not make wise choices. They do not care a damn about
competance at all... They care about the lowest short-term cost. Hence
they opt for the 2-dollar-per-day offshore wages and no pollution
controls. I am not sure whether that qualifies as competence/efficiency.

I am not sure that consumers have that much power. They are forced to
operate in an existing infrastructure... infrastructure that is largely
the long-term result of corporate and government policy. There is no
easy way of knowing if it is the most efficient infrastructure or not.