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by nickpp
815 days ago
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> How is discouraging monopolistic practices going to line the pockets Three easy ways come to mind: 1) Play the stock market using the insider info on decisions and regulations politicians know well in advance. 2) Regulations and laws once enacted have to be implemented. So many compliance chief or consultant positions suddenly opening up at multinational corporations. 3) Cheap populism moves work wonders on economically-ignorant voters. "I smacked Apple/Microsoft/Google" guarantees years of sucking from the public teat The bitter irony is that the only effective way to deal with monopolies is though free market competition. And regulation is the polar opposite of that: regulation discourages startups and favors the incumbents. So, yes, heavily regulated markets guarantee less competition which is worse for "us". |
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