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There's an aspect of cronyism present in Russia and former soviet states that isn't present in the west. But make no mistake, we don't have free markets in the
by JMTQp8lwXL 7y ago
There's an aspect of cronyism present in Russia and former soviet states that isn't present in the west. But make no mistake, we don't have free markets in the US. We have players that get large, then strong-arm their way into creating regulation preventing new players due to too high of entry costs, or regulatory capture occurs.
- darawk 7y agoThis is a misleading way to frame it though. In the US, regulation creates speedbumps to competition. In Russia, competition will get you thrown in jail or killed.