Governments have incomparably more power and thus their abuses are incomparably worse: famines, pogroms, wars, asset confiscation, incarceration, murder.
Companies are controlled by the market, it's governments we need to worry about and find ways to control and regulate.
The only unbeatable way companies control the market is through government-granted monopoly. Any other way is eventually defeated by the market itself.
Every government intervention in the market will benefit established players and will hinder startups and thus the markets's self-regulating mechanisms.
Governments have incomparably more power and thus their abuses are incomparably worse: famines, pogroms, wars, asset confiscation, incarceration, murder.
Companies are controlled by the market, it's governments we need to worry about and find ways to control and regulate.
Still, the question is not which currently have more power, but which is more responsible with that power in a democratic society.
Companies are remarkably good at finding ways to control the market. That's why antitrust legislation is needed to protect consumers.
The only unbeatable way companies control the market is through government-granted monopoly. Any other way is eventually defeated by the market itself.
Every government intervention in the market will benefit established players and will hinder startups and thus the markets's self-regulating mechanisms.
4 replies →