Comment by oblio

> I'm just very skeptical of the sort of thinking that treats some abstract, not-very-realistic thing called "regulation" as a magic tool to solve all our problems.

I'm just very skeptical of the sort of thinking that treats some abstract, not-very-realistic thing called "competition" as a magic tool to solve all our problems.

See how that works? Competition can also mean races to the bottom, price dumping, plus it works best with commodities. In every non commodity market competition is diminished and sometimes disappears naturally.