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 diegocg on Thu 30th Aug 2007 13:47 UTC
Member since:

You aren't trying to critize capitalism, are you?

Because that's a topic that has been discussed to death many times, and osnews is not the best place to settle it.

Edited 2007-08-30 13:48

Reply Score: 6

by Michael on Thu 30th Aug 2007 14:16 in reply to "LOL"
Michael Member since:

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.

Reply Parent Score: 3

by Kroc on Thu 30th Aug 2007 15:09 in reply to "LOL"
Kroc Member since:

Er, no.
Since when was working together a sin? If that's what capitalism dictates, then I suppose I am.

Reply Parent Score: 2