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Comment by gf000

20 days ago

This is based on the false assumption that the free market solves every problem.

But the reality (which was correctly identified by Adam Smith himself) is that the effort required to enter a market can sometimes be so high, that we practically end up with oligopolies, see mobile OSs. They require a network effect to make sense, so the entry cost is not just developing the product, but also to somehow convince basically every other player to consider you a target platform - which is a cyclical problem that you can't just bootstrap yourself into. Even Microsoft failed at it, even though they were paying hefty sums to companies for apps working on their OS.

> This is based on the false assumption that the free market solves every problem.

I assure you it is not.