Re:Goodreads was the future of book reviews. Then Amazon bou...
by fsckboy on Monday July 03, 2023 @06:35PM
(#36579703)
>I'm highly skeptical that heavily restricting buying and selling of companies in general will be a better way to run a market when it seems your goal is to prevent monopolies (or put another way, ensure competition)
ah, the markets I am talking about are goods and services markets. Financial markets, they take care of themselves, and at the same time garner no sympathy from the majority who don't participate in them.
if monopolies emerge some other way, sure, break 'em up just the same.
Re:Goodreads was the future of book reviews. Then Amazon bou...
by kbenson on Tuesday July 04, 2023 @01:12PM
(#36589575)
There are no "financial markets" and "goods and services markets" beyond arbitrary groupings people make to talk about sectors and types of commerce. It's all the same thing, and companies make use of various aspects of it as they see fit.
Re:Goodreads was the future of book reviews. Then Amazon bou...
by notfromhere on Monday July 03, 2023 @07:41PM
(#36580278)
That’s how antitrust enforcement worked before we decided to only care about consumer prices. It worked pretty well.
But right now we let the market consolidate to the point where major industries have 2-4 major players with 80-90% market share between them.
I'm highly skeptical that heavily restricting buying and selling of companies in general will be a better way to run a market when it seems your goal is to prevent monopolies (or put another way, ensure competition).
Laser focused policies work for a short periods but tend to be worked around quickly as the thing they regulate falls out of favor in lieu of something functionally the same but different enough it doesn't match. Blanket policies tend to stifle the market in general, causing other problems. Rather than assuming that any specific law actually "solves" the problem, we'd probably be much better off setting criteria we're trying to match and and reassessing regulations regularly to try to meet that criteria. Anything unresponsive will be routed around.