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Well, that's how it's 'supposed' to work. According to 18th century agrarian economics. Before the telegraph (let alone the internet) enabled businesses to get
by warfangle 10y ago
Well, that's how it's 'supposed' to work. According to 18th century agrarian economics. Before the telegraph (let alone the internet) enabled businesses to get that large.
But due to collusion, sometime-insufficient regulation (e.g., ad networks that can and do deliver malware), sometime-overbearing regulation (e.g., software patents), and ... well ... the rest of the real world, Adam Smith market economics is exceedingly reductionist. It works in the microcosm. Until you take into account that no economic entity or system is fully enclosed.
For example: has Blackboard yet been toppled, or are they still suing and/or acquiring any potential competitor via its vast patent portfolio, all the while being the absolute worst solution to its problem possible?
- Angostura 10y agoHmmm, I wonder if we could create a simple little Web site people could post markets with virtual monopolies that that would like to see disrupted. It could act as an ideas board for entrepreneurs looking for fertile start-up areas. It could be a simple post, but with the opportunity to flesh it out out with information on barriers to entry etc,potential market size etc. You could post about blackboard. I could post about TES.com/jobs which has a virtual monopoly on advertising jobs in the UK teachers market, despite appalling service and ludicrous prices.