Linked by Kroc on Thu 30th Aug 2007 13:03 UTC
Editorial I hear often that when something new appears that "competition is good". The primary reasons competition is seen as good, are: it drives down prices; it gives consumers more choice; it pushes technology forward, quicker. Competition is not good because: competition is why consumers have to choose between HD-DVD and BluRay; competition is why DRM exists; and more. In this article, each of the supposed benefits of competition will be looked at in more detail.
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by Noremacam on Thu 30th Aug 2007 13:19 UTC
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Quote: "When the opponent is beaten, there is no need to continue with any of the competitive actions, such as lowering prices or improving technology. Competition ultimately ends with stagnation and vendor lock in."

Isn't that an argument for competition? As soon as competition stops the winning product stagnates? Look at Internet Explorer 6. It stagnated until firefox hit the big scene. I think that's an argument for competition, not against it.

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