Deutsch English Français Italiano |
<v6a034$8v1$1@panix2.panix.com> View for Bookmarking (what is this?) Look up another Usenet article |
Path: ...!weretis.net!feeder9.news.weretis.net!panix!.POSTED.panix2.panix.com!panix2.panix.com!not-for-mail From: kludge@panix.com (Scott Dorsey) Newsgroups: comp.misc Subject: Re: My Dinner With Marc Andreessen Date: 5 Jul 2024 23:37:08 -0000 Organization: Former users of Netcom shell (1989-2000) Lines: 35 Message-ID: <v6a034$8v1$1@panix2.panix.com> References: <slrnv85b2k.1pv.bencollver@svadhyaya.localdomain> <v68p89$d1q$1@panix2.panix.com> <335ed481-557d-7d19-949a-fadba2016d2f@example.net> <v69fbp$3d8jk$1@dont-email.me> Injection-Info: reader1.panix.com; posting-host="panix2.panix.com:166.84.1.2"; logging-data="2296"; mail-complaints-to="abuse@panix.com" Bytes: 2560 In article <v69fbp$3d8jk$1@dont-email.me>, Rich <rich@example.invalid> wrote: >Yes, and no. You may be overlooking that in a totally free market, the >competitors are also completely free to purchase each other, reducing >the overall competition. If the specific market has large market >specific capitol costs for entry (i.e., must build a $5Bn or more >semiconductor chip fab in order to enter and compete) then, over time, >consolidation (largest competitor purchasing up smaller competitors) >can happen faster than new entrants such that, in the limit, the result >will also be monopoly. It goes beyond this. It is in the clear best interest of any business to have a monopoly or to at least reduce competition. This being the case, people in an existing business do the most they can to keep the market from being free. It is true that one of the things they do is to lobby for regulation to control the market, and in this regard it's true that the government is often involved in reducing competition. But with hands taken completely off the market, dominant businesses (especially in a market with a lot of initial capital required, such as telecoms or chip fab as described above) will do to most they can to squelch competition and the government can also prevent that to increase competition. There's nothing that -can- stop it short of regulation. Copyrights and patents can also reduce competition but they can also increase competition by promoting innovation. Too short a patent duration and it does little to promote innovation, too long a patent duration and it suppresses competition. So once again there's a fine line to be treaded. It's not as simple as Adam Smith made it out to be anymore. --scott -- "C'est un Nagra. C'est suisse, et tres, tres precis."