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by manigandham
1416 days ago
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The number of successful new companies contradicts that statement. Regulation, on the other hand, does tend to lead to rent seeking behavior as incumbents use those laws to their advantage and forcibly block new companies. It’s much easier to overcome high costs than bad laws. |
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And that's only because of current regulations and anti-competition laws. Turns out "free market" is only "free" when the giants are asked to behave and punished for bad behaviours.