Uber and Aramco prove it: Free markets work better

Two-thousand-nineteen was the tale of two marquee stock offerings: America’s Uber and Saudi Arabia’s Aramco, the world’s biggest oil company. Superficially, Uber is a failure, and Aramco is a success: Uber stock sank; Aramco stock rose. But really, it’s the other way around. Uber’s “failure” shows the success of American-style free markets in disciplining companies….


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