4 ms·
We mostly don't have a free market in the usual buzzword meaning of that term, and to whatever partial extent we do, it's replete with the kind of asymmetry in
by jkaplowitz 5y ago
We mostly don't have a free market in the usual buzzword meaning of that term, and to whatever partial extent we do, it's replete with the kind of asymmetry in information and power that leads to economic outcomes that are both inefficient and inequitable except as corrected for with the beneficial kind of government intervention.
In other words, if you want good outcomes, you sometimes need the government. (Yes, I realize the government can make things worse and not only better; this is also true of the private sector.)
- emodendroket 5y agoIn principle agreed but I'm not sure why Giphy essentially getting the death sentence is a positive outcome.
- jkaplowitz 5y agoI said nothing about that being a positive outcome, and the CMA is not proposing to require that. They want Facebook to sell Giphy to a suitable buyer, not to spin it back out as independent.