Re: My Dinner With Marc Andreessen

On Fr 05 Jul 2024 at 18:51, Rich <rich@example.invalid> wrote:

D <nospam@example.net> wrote:

 
 
On Fri, 5 Jul 2024, Scott Dorsey wrote:
 

D  <nospam@example.net> wrote:

On Fri, 5 Jul 2024, Andreas Eder wrote:

On Do 04 Jul 2024 at 23:49, Lawrence D'Oliveiro <ldo@nz.invalid> wrote:

On Thu, 4 Jul 2024 12:42:22 +0200, D wrote:
>

I find it tragic that something like that should be necessary for people
to lift a finger when it comes to protecting markets.

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

>
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.

>
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.

>
Both of these statements are true and they are in no way contradictory.
--scott
>
>

 
Nope, they are contradictory.

>
The statements are not contradictory.
>

The act of regulation decreases freedom, hence increases
oligopoly/monopoly.  It is of course a spectrum and not binary, but
the more regulation, the more monopoly and the end station is
socialism where the government is the monopoly with all the power,
and the citizens being slaves.

>
You are correct.
>

Only less regulation and more free markets can counter that. Johan
Norbergs book, The capitalist manifesto also proves conclusively that less
regulation and more freedom is the only thing that leads to increase
quality of life.

>
Yes, and no.  You may be overlooking that in a totally free market, the
competitors are also completely free to purchase each other, reducing
the overall competition.  If the specific market has large market
specific capitol costs for entry (i.e., must build a $5Bn or more
semiconductor chip fab in order to enter and compete) then, over time,
consolidation (largest competitor purchasing up smaller competitors)
can happen faster than new entrants such that, in the limit, the result
will also be monopoly.

That is exactly what will happen to an unregulated free market.
The only participants remaining after some time are the ones so big -
and almost equally big - that they are unable to purchase each other.

'Andreas

--
ceterum censeo redmondinem esse delendam