Hacker News new | ask | show | jobs
by jszymborski 666 days ago
Public companies exist to enrich shareholders. If you are in a position to abuse your market power, you're sorta obligated to.
2 comments

Agreed. Free markets is such a massive misnomer.

The only thing that matters is competitive markets.

“Free markets” is typically associated with regulatory capture, buying out your competitors, and abusing your monopoly status to thwart others.

Governments should care about competition, not that abusive corporations stay at the top.

But doing so increases risk from regulators
I think if you can get as big as Google, Apple, or Microsoft without being broken up, companies haven't much to worry about.