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What that genuinely achieves are: - Power being consolidated to only some small number of companies that can lobby and spend well. This leads market capture an
by __rito__ 3y ago
What that genuinely achieves are:
- Power being consolidated to only some small number of companies that can lobby and spend well. This leads market capture and oligopoly. And bars smaller players from entering the market. This leads to poor conditions for consumers similar to aviation industry, cellular networks and broadband market.
- Innovation stops, and growth stagnates. Consumers and developers are left with poorer and higher paid products. The development of the technology stagnates.
- I guess government will also monitor development of weapons, etc. China, Russia won't have similar restrictions, and will get ahead.