Linked by Dmitrij D. Czarkoff on Fri 31st Aug 2007 08:54 UTC
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Member since:
2007-02-11
Congratulations on a very interesting article. Somehow, I had grasped a few of these points, but only intuitively, not from an economic point of view.
In fact, I assume this is where many of our misconceptions regarding competition come from. When we grasp the concepts intuitively, without any analytical base, we do have the tendency to ignore those points which aren't obvious. In my case (also having lived in an ex-communist country -- not USSR, but about 400 km from it :-D), Kroc's points seemed out of this world. I've seen what the lack of competition can do to an economy, a society and several important industry fields, and I don't want to see it again.