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Yes, please, let's do this. And Amazon too. In general; let's take that whole monopoly thing serious again, together with regulatory capture. I'm no free mark
by esarbe 3y ago
Yes, please, let's do this. And Amazon too.
In general; let's take that whole monopoly thing serious again, together with regulatory capture.
I'm no free market liberal, quite the contrary. But competition is *good* and we should have more competition between these huge companies that basically make a living from extracting rent.
- robertlagrant 3y ago> I'm no free market liberal, quite the contrary. But competition is good You sound at least a little bit as though you understand markets, though!
- esarbe 3y agoI strive to learn. With markets I see it similarly as with democracy; it's the best of all the bad options we have. Given the challenges ahead (demographic crisis, climate crisis, environmental crisis) we must have a dynamic and flexible system to accommodate the to be expected strains, if we want to continue existing as a global civilization. But markets also have flaws, such as externalization of costs and oligopolies that skew the market through their influence. We've seen this with Google, that has started as a brilliant search engine, providing a valuable service. Nowadays it attempts to make more and more money through rent taking instead. Instead of creating value, these oligopolies capture value, sometimes even through illegal means (see; no-poaching agreements).