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by nickpp 815 days ago
> 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".

1 comments

So you think that if you wanted to start a business to compete with Apple in any of the spaces talked about in this lawsuit (hardware, web browsing, messaging etc) your greatest challenge to competing in that market would be regulation? Not Apple?
I wouldn't even consider starting a business in a heavily regulated field. I can (and I did) fight any competitors, no matter how big they are, using my ideas, creativity, network and hard work. It's not easy, but it's doable - there are lots of startups started every day in giant-dominated fields. And you also get lots of help along the way, because it's fun and because there are lot of gains to be had on the tiny chance you make it.

But I can't fight the government. I wouldn't even try. It's an immovable object. There is nothing to win there. It's all dead. Better to just get a cushy job at some gov agency. Just like most of Europe's best and brightest currently do - leading to a continent left behind, while the US high tech (both startups and giants) are soaring.