4 ms·
> they seem to always become anti-competive to keep growing. They also tend to sort of merge with government. At some point they figure out there is better ROI
by api 7y ago
> they seem to always become anti-competive to keep growing.
They also tend to sort of merge with government. At some point they figure out there is better ROI in buying government influence and using it to insulate themselves from competition than in investing in a better product.
Libertarian idealism says that economy and state should be separate, but I don't think that's entirely possible in practice. The trouble is that sufficiently large concentrations of wealth are able to easily buy access to state power or even tend to become indistinguishable from the state.