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> The market will take care of it on its own as long as regulations allow it. Unless there is more profits to be made by colluding, monopolizing, and scheming.
by polygamous_bat 3y ago
> The market will take care of it on its own as long as regulations allow it.
Unless there is more profits to be made by colluding, monopolizing, and scheming. In which case market will reward those who monopolizes the hardest.
- crazygringo 3y agoWhich is why we have laws against collusion and consolidation into monopolies. These aren't reasons to abandon markets, but simply to ensure they're properly managed as they are across the world.
- polygamous_bat 3y agoThank you for explaining why markets can't be self-regulating simply through competition and why they need external regulations.
- crazygringo 3y agoSure, my original comment was about getting regulations right. (Nobody suggested markets are inherently self-regulating.)