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When people think of free markets they think of open competition, but some free markets are not competitive and more fixed markets by the big fish. We need fair
by drawkbox 10y ago
When people think of free markets they think of open competition, but some free markets are not competitive and more fixed markets by the big fish. We need fair free markets that encourage competition. Not a free market that is blocked by the biggest fish, we should be anti-monopoly and all regulations need to encourage competition.
Markets should be free but fair, by fair I mean encourage competition. Regulations should make it easy for competition to happen not harder needlessly. Regulation is important for a healthy fair market.
AT&T breakup was big and did encourage competition, though they may be back soon. Microsoft 90s ordeal really did shake them up and in the early 2000s competition happened again.
Dark side of monopolies are AT&T created modern software/C++ and wired the US up first, Microsoft got everyone on the internet and a computer on every desk. Sometimes there are benefits to big fish but you can still create competition. It may also create other important growth areas when big fish are broken up.
We only need regulation that creates markets that are fair competitively but otherwise free, net neutrality is an example of a fair competitive regulation.