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No, this is an example of why government regulation and free market economic are important. In places where there's fierce competition, a scandal like this will
by theseadroid 10y ago
No, this is an example of why government regulation and free market economic are important. In places where there's fierce competition, a scandal like this will cost the player to lost the battle against other competitors, so deregulate those markets to boost competition. In places where competition is not possible by reasons other than regulations, government should regulate the shit of the industry. However, US is heading to a place where most markets are gonna be dominated by monopolies yet the regulations not be there.
- chillacy 10y agoBut isn't this the ultimate commodity? I understand that reasoning in heavily regulated industries like drugs, where high costs of development encourage monopolies. But the cosmetic industry is poorly regulated already.