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> What do you expect from an unregulated capitalistic system. Competition, fortunately
by zild3d 1y ago
> What do you expect from an unregulated capitalistic system.
Competition, fortunately
- xela79 1y ago> Competition, fortunately so there's no competition when there are no rules and regulations... ? interesting. all those sports without rules or regulations, like american football where anything goes.
- zild3d 1y agohuh? I'm saying adding rules and regulations reduces competition yes, by definition it adds barriers to entry. We can argue how high those barriers ought to be. Highly regulated industries: healthcare, banking, aviation Less regulated industries: web software, e-commerce, entertainment It is easier for startups to get started in the latter, harder in the former.