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Free market does not function without regulation enabling it, Interface standards are where regulations are pretty much absolutely to enable competition. No ma
by manquer 5y ago
Free 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.