Re:Google and Apple in $415M 'non-poaching' settlement offer
by ForHackernews on Friday January 16, 2015 @02:14PM
(#8900991)
No, capitalism is supposed to involve companies competing with one another (including competing for employee talent), not colluding with their nominal competitors. That's an oligopoly or cartel and it's a market failure similar to a monopoly.
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Re:Google and Apple in $415M 'non-poaching' settlement offer
by igonvalue on Saturday January 17, 2015 @02:19AM
(#8903761)
I agree with the spirit of what you're saying, but I think it's more accurate to call what you're describing a "free market" than "capitalism"; the latter does not in fact preclude market failures such as oligopolies/cartels.