Content
@
0 reply
0 recast
0 reaction
Ben - [C/x]
@benersing
Tell me why this statement is incorrect: If you want free, open market competition then over a long enough time horizon you have to accept eventual capture by a centralized entity/person. By nature, competition leads to a winner. A winner, means some level of centralization. What can change is the type and degree of decentralized checks on the constant pursuit of centralized power.
5 replies
5 recasts
26 reactions
dawufi
@dawufi
As @cameron pointed out to me on vibe check, this might be true but nothing is ever static. Counter-positioning/inventors dilemma will always exist. So the statement isn't outright wrong, but it's too narrow of a view to fully capture the beauty of competitive markets.
1 reply
1 recast
9 reactions
Ben - [C/x]
@benersing
Meaning even though free market competition by nature trends towards centralization, it never reaches it fully because nothing i E ever static?
0 reply
0 recast
0 reaction