Re:Every Champion Needs a Rival
by schmidtleonard on Wednesday July 30, 2025 @03:43PM
(#44738686)
Nope. Private capital allocation decisions are the foundation. It is a mistake to mix this with wishful thinking. Anticompetitive incentives and behavior are a natural emergent property on top of the foundation (network effects, platform effects, last mile dynamics, dumping, hell even economies of scale are intrinsically anticompetitive at the same time as they are intrinsically beneficial). Regulation to restore competition amid these natural anticompetitive tendencies can keep them in check and most people would agree this is generally a good idea -- but most people don't make the capital allocation decisions and most people don't learn about the world except through media controlled by people who do, so not only are the regulations 3 stories above the foundational principle, they are doubly insulated from effectively checking the dark forest on the second story by the very nature of the foundation itself.
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