The dealership franchise laws were originally enacted, at least partly in good faith, to reduce the perceived power imbalance between large corporations and small local businesses—the supposed backbone of America—but produced the opposite effect by entrenching dealer power.
causalpending
Speaker
Michael MungerEvidence Quote
“state laws that were designed I think in some ways in good faith to reduce the power imbalance between large corporations and these small businesses the small local businesses that are the backbone of America”
Source
Michael Munger on Franchising, Vertical Integration, and the Auto Industry 06/22/2009— EconTalkCreated: 6/17/2026, 10:31:26 AM
My Notes
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