Re: My Dinner With Marc Andreessen

On Fri, 5 Jul 2024, Andreas Eder wrote:

On Do 04 Jul 2024 at 23:49, Lawrence D'Oliveiro <ldo@nz.invalid> wrote:
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On Thu, 4 Jul 2024 12:42:22 +0200, D wrote:
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I find it tragic that something like that should be necessary for people
to lift a finger when it comes to protecting markets.

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Almost as though free markets cannot remain free without regulators to
keep them free.

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Free markets ten ro become oligopols, if not regulated.
That is not gard to priive under some mild conditions.
Go read about it, if zou can understand the math behind that.
>
'Andreas

Nope, actually governments tend to create oligopolies due to being such big actors on the market that work according to politics and not according to profit motive. FANG profit handsomely by government protection.
So yes, if you take a quick look your statement might look true, but if you investigate the revenue streams of the global giants that are (or have been) in some sense oligopolies, you'll see that they have received plenty help from the government in terms of eitehr government contracts, or regulations which protect them.
In my country, technically I could easily start a bank, but governments protect them, and there you go. You have a few giants and that's it.
I recommend Johan Norbergs The Capitalist Manifesto if you want to learn the truth about capitalism. A good second source is mises.org.