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This is discussed very heavily in economic theory. Basically possession of capital is such a powerful advantage it basically destroys a lot of the adaptation th
by SQueeeeeL 4y ago
This is discussed very heavily in economic theory. Basically possession of capital is such a powerful advantage it basically destroys a lot of the adaptation that should be forced. You see this a lot with VC companies, like Uber needing to subsidize every ride or Internet providers monopolizing by endlessly buying each other and merging instead of improving customer service.
- 99b12e2d358bb03 4y agoCan you elaborate on this or offer some resources to learn more? This squares with my experience, but I haven't seen this thought specifically elaborated on. I am very interested to learn more. This would be an excellent example of a market failure and a key area of policy research.