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This can't be said enough. The "capitalism encourages healthy competition that works to the advantages of innovation and the consumer" only works when companie
by _zzaw 3y ago
This can't be said enough.
The "capitalism encourages healthy competition that works to the advantages of innovation and the consumer" only works when companies are prevented from cheating. And the natural inclination of anybody who wants money and power is to cheat.
- esprehn 3y agoThe usual way of putting this is that once a player emerges as a winner, that they turn towards regulatory capture. Or in the worst case players collude to prevent new players.