markets are dynamic, but not so chaotic to swing brutally (among attractors), as you put it. certainly some markets are in that stage now, but certainly not all

markets are dynamic, but not so chaotic to swing brutally (among attractors), as you put it. certainly some markets are in that stage now, but certainly not all or even most. early on, markets tend to grow to an unsustainable number of participants, and then as participants figure out marketing and their own strengths and fits, they start to whittle down. in the best markets (for consumers; but that are also sustainable for providers), you'd have maybe tens of competitors (i.e., not 3 or 300), depending on market characteristics (like being capital-intensive or not, free cash flow restricted or not, etc.). the problem with our markets is that we've long given up on providing the right amount of regulation to maintain that consumer-optimum, which can be stable in isolation, but for which the highly dynamic politico-social context often destabilizes. so it takes work and vigilence to maintain the optimum, and we don't have that in most (all?) markets.