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Yes, competition generally leads to more innovation and lower prices in industry. Do you know of any economist who thinks otherwise, except in specific cases wh
by duped 3y ago
Yes, competition generally leads to more innovation and lower prices in industry. Do you know of any economist who thinks otherwise, except in specific cases where natural monopolies exist?
If there's no competition there's no incentive to innovate.
- tobwen 3y agoI often argued with business professors during my studies because the theories look good on paper but don't work in reality. If one company invents a new method and patents it, another company will not be able to improve on this method, but would rather try to get round the patent/license costs than really innovate. For me, that is not progress. But if Linus thinks that bcachefs is stable enough for the kernel, then there must be something to it.