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Government should be minimal, regulation and policies aren’t a magic wand. Functioning free markets self regulate. The crux is that it’s very expensive and diff
by dijonman2 5y ago
Government should be minimal, regulation and policies aren’t a magic wand. Functioning free markets self regulate. The crux is that it’s very expensive and difficult to break into the market.
I’m also really tired of hearing folks continue to advocate for regulation of everything.
- asddubs 5y agoit worked for phone charger adaptors. every phone had its own proprietary connector before the EU stepped in and mandated micro usb. and things immediately got so much better.
- orhmeh09 5y agoWhere do they have functioning free markets anyway?
- agentdrtran 5y agoWow, they self regulated? So how do I get my dewalt batteries in my milwaukee drill as a result of this self-regulation?
- manquer 5y agoFree market does not function without regulation enabling it, Interface standards are where regulations are pretty much absolutely to enable competition. No market is truly free, markets without regulation would only optimize for profit not better products or value for consumers. Interop standards make markets freer. Vendors have negative financial incentive to support interop, larger/dominant they are the incentive worsens. Given reality of lock-ins, network effects and inefficiency/friction of migrations it is impractical to expect a better product will replace the ones without interop.
- nautilius 5y agoI cannot thank the free market enough for lead free gas, lead free paint, airbags, seat belts, removal of chlorofluorocarbons, etc.
- Hamuko 5y agoAirbags are a funny example to bring up in a topic of unification, because airbags are not unified. The Americans and the Europeans have tried to unify airbag designs so that they don't need different designs on different continents, but apparently they've yet to agree on it. The basic gist was that Europeans want smaller/less forceful airbags, whereas Americans want bigger/more forceful airbags, and this stems from Europeans assuming the driver wearing a seatbelt and Americans assuming an unbelted driver.
- nautilius 5y agoThe topic is regulation, not monoculture or planned economy. I am not arguing that everything has to be the same everywhere, I am arguing that the market is the wrong mechanism to rely on as the sole source of desirable change.
- amelius 5y agonetwork neutrality ...
- JaimeThompson 5y agoHas their been a functioning free market that self regulated in the past 100 year? This is a serious question, I am honestly looking for information.