4 ms·
That's not a 'free market' though, especially not by the majority standards in the US. That's the US government attempting to pick a winner by funneling money i
by fzeroracer 2y ago
That's not a 'free market' though, especially not by the majority standards in the US. That's the US government attempting to pick a winner by funneling money into startups.
Mind you, it's not something I particularly disagree with, but the only way this works is by imposing regulations on the dominating market forces to prevent them from buying out the competition or using their network advantage to crush them. And regulation is considered the antithesis to a free market.
- matthest 2y agoGov wouldn't need to pick a winner - it just needs the market to reach a critical point of competitiveness, at which the sheer amount of competition would be self sustaining, as it is in the restaurant industry, for example. And if a monopoly were to form, it would step in.