Re:Competition Is Dying, and Taking Capitalism with It?
by afjl on Wednesday November 28, 2018 @11:44PM
(#18558163)
In my opinion, both lead to monopolies and oligopolies.
Ekianjo is right, in the sense that entities with lots of capital will become rent-seeking entities in over-regulated/mis-regulated markets because of very high barriers to entry. Examples include ISP's and insurance markets.
You are also right, in the sense that entities will rush to control a heavily de-regulated market. To that end, companies with lots of capital can afford to outspend or acquire their undersized competition. Examples include Air-transit post-1978 and the Internet 2.0.
There isn't one single legislation that led us here and there is no one-size-fits-all solution that can solve each monopoly. We have to evaluate each industry and each market on its own to determine how the state would break the oligopoly.
Re:Competition Is Dying, and Taking Capitalism with It?
by ekianjo on Thursday November 29, 2018 @02:46AM
(#18558734)
That's also the problem of our current political systems which favor party lines instead of individual thinking. It's very inefficient to drive reforms.
Ekianjo is right, in the sense that entities with lots of capital will become rent-seeking entities in over-regulated/mis-regulated markets because of very high barriers to entry. Examples include ISP's and insurance markets.
You are also right, in the sense that entities will rush to control a heavily de-regulated market. To that end, companies with lots of capital can afford to outspend or acquire their undersized competition. Examples include Air-transit post-1978 and the Internet 2.0.
There isn't one single legislation that led us here and there is no one-size-fits-all solution that can solve each monopoly. We have to evaluate each industry and each market on its own to determine how the state would break the oligopoly.