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Regulation is the worst solution to any of this. Let the free market figure it out and you'll find enough competition if there really is enough demand.
by manigandham 4y ago
Regulation is the worst solution to any of this. Let the free market figure it out and you'll find enough competition if there really is enough demand.
- mschuster91 4y agoThe "free market" will always, always end up with large fish eating up the small fish and extracting rents once the competition is eliminated and the startup costs too high for startups to enter the market.
- manigandham 4y agoThe number of successful new companies contradicts that statement. Regulation, on the other hand, does tend to lead to rent seeking behavior as incumbents use those laws to their advantage and forcibly block new companies. It’s much easier to overcome high costs than bad laws.
- webmobdev 4y ago> The number of successful new companies contradicts that statement. And that's only because of current regulations and anti-competition laws. Turns out "free market" is only "free" when the giants are asked to behave and punished for bad behaviours.
- hi_im_miles 4y ago> The "free market" will always, always end up with large fish eating up the small fish I still think this has much more to do with market interventions enabling 'artificially' large economies of scale. Infrastructure, police, subsidies/grants, IP protections--all played and continue to play a massive role in shaping markets today.
- webmobdev 4y agoThe so-called "free" market doesn't care about consumer rights, though.
- manigandham 4y agoWhat part of this is about consumer rights?
- webmobdev 4y agoWith web applications, the right to privacy, not to deal with unwanted and / or forced updates or ToS changes, to retain the rights on our data and access it etc.