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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RE: LOL
by Michael on Thu 30th Aug 2007 14:16 UTC in reply to "LOL"
Michael
Member since:
2005-07-01

Exactly. All this demonstrates is that raw capitalism may not always produce the optimal solution, as some idealists believe it does. Therefore we have regulation of the markets, for example, the ISO standards. Economics 101, as I believe they say in America.

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