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The logical conclusion of a regulation-free system is of corporations large enough to destroy competition before it starts.
by jedrek 10y ago
The logical conclusion of a regulation-free system is of corporations large enough to destroy competition before it starts.
- omouse 10y agoThat's not the logical conclusion. Have you ever seen a large corp and how inefficient they are? The only reason they can remain large is because they can afford to buy politicians and legislation to keep their competitors small. Big Corp creates new regulations to protect their business, the most clear examples are in telecommunications and the music/movie/copyrightable industries. If we removed more regulations today, the big corps would try and place them back to destroy their competition.
- jandrese 10y agoIt doesn't really matter how inefficient you are if you have the cash to buyout any potential competitors before they have a chance to threaten your bottom line. In a purely capitalist society wealth (power) accumulates at the top. Money creates money so whomever starts out with the most money tends to win. This is why highly capitalist societies turn into Dubai, with an ultra rich ruling class and a serf/slave class with little in between.
- selestify 10y agoSeriously, has no one on here heard of the Gilded Age? Of anticompetitive practices by Standard Oil before regulation was brought in?
- TDL 10y agoAre you talking about the outlawing of railroad rate rebates or the break up of the company? Just as an FYI (and apologies if you are already aware of this), but Standard Oil had already lost about ~25% of it's market share by the time it was broken up. Rockefeller had no influence in Texas and California where the wildcatters had moved to and found oil.
- ensignavenger 10y agoBut then everyone would create competitors so you would buy them out, and eventually you would run out of money.
- st3v3r 10y agoOf course it's the logical conclusion. Power abhors a vacuum. Do you honestly think that companies are going to sit back and not try to take that power for themselves?
- st3v3r 10y agoOf course it's the logical conclusion. Power abhors a vacuum. Do you honestly think that companies are going to sit back and not try to take that power for themselves?
- antisthenes 10y agoYou essentially said the same thing that the comment above you, just in a less succinct way. A regulation-free system is not a stable equilibrium, so the conclusion will not be regulation-free.