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Re:EU tells Apple to open everything up to its rivals by robertlagrant on Wednesday September 27, 2023 @04:32AM (#37671790)
> I'm no free market liberal, quite the contrary. But competition is good

You sound at least a little bit as though you understand markets, though!

Re:EU tells Apple to open everything up to its rivals by esarbe on Wednesday September 27, 2023 @05:33PM (#37681647)
I strive to learn.

With markets I see it similarly as with democracy; it's the best of all the bad options we have. Given the challenges ahead (demographic crisis, climate crisis, environmental crisis) we must have a dynamic and flexible system to accommodate the to be expected strains, if we want to continue existing as a global civilization.

But markets also have flaws, such as externalization of costs and oligopolies that skew the market through their influence.

We've seen this with Google, that has started as a brilliant search engine, providing a valuable service. Nowadays it attempts to make more and more money through rent taking instead. Instead of creating value, these oligopolies capture value, sometimes even through illegal means (see; no-poaching agreements).