3 ms·
>Unregulated free markets create monopolies. Figma being sold to Adobe and scrapped is unregulated free-market. Figma staying unsold, forcing Adobe to compete,
by aww_dang 4y ago
>Unregulated free markets create monopolies. Figma being sold to Adobe and scrapped is unregulated free-market. Figma staying unsold, forcing Adobe to compete, is regulated healthy market competition.
Do you believe that we are currently in a "unregulated free-market"?
What of the easy money policies and price fixing of interest rates? Does this not drive sky high stock valuations, tech hype cycles and acquisitions?
Look around the stock valuations in the tech sphere. Companies with no profits are hyped to the moon. Individual investors are speculating on cryptocurrencies with little to no underlying usage. AI virtual assistants are being hyped up as the next big thing. Serial employees are adding "ML researcher" to their resume as if they published research papers in the field.
How can you claim this is laissez-faire? Regulators have been shoveling easy credit into the economy. They still cannot raise rates anywhere near their stated inflation metrics... and people are already panicking, blaming them for not providing more free candy.
- 4dayworkweek4u 4y agoCurrently we have the worst of both worlds.