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If by "certain kind of economic system" you mean a heavily regulated pseudo free market system, then sure. But don't try to pretend, as I think you are, that re
by InclinedPlane 12y ago
If by "certain kind of economic system" you mean a heavily regulated pseudo free market system, then sure. But don't try to pretend, as I think you are, that regulation isn't the important bit there and that somehow the free market is the cause of these monopolies. The systems of regulation we have today are both not very effective and also generally hugely advantage consolidation, working against the often inherent advantages of fresh startups as competitors.
- dkarapetyan 12y agoI'm not pretending. I also disagree that a truly and freely competitive system is the answer. I don't think in the entire history of the world there has ever been any kind of free marketplace and the discussion on these matters are very often mired by ideological biases. Economics falls in a weird gray zone buffered by pure economic theory on one side and practical social constraints on the other.
- mtbcoder 12y agoI hear this expression, "heavily regulated", a lot from Americans but I never understand in context to what? Are you making comparisons to Canada, the EU, China or other countries with different economic systems? Also, how do you further differentiate necessary regulation from overbearing regulation? Surely you aren't suggesting all regulation is inherently bad?