4 ms·
> And I don't know of a single example where regulation created more competition. Does antitrust fall under regulation? If yes, Standard Oil is a perfect examp
by gessha 3y ago
> And I don't know of a single example where regulation created more competition.
Does antitrust fall under regulation? If yes, Standard Oil is a perfect example. If they had their way there would only oil company. Microsoft is another example. You still want to use Internet Explorer?
The regulation game is always a careful balance and govs should err on the less regulation side but regulation is a powerful instrument that protects customers and competition. It’s there to prevent a single company snowballing everyone else.
- nickpp 3y ago> Standard Oil is a perfect example Common example (dug from over 100 years ago), quite flawed one too. By the time of the anti-trust regulation the free market was already pushing Standard Oil out - healthy competition evolved. Read up on it.