Vitalik Buterin
@vitalik.eth
Is there a name for the type of government where the government pursues consumer protection, antitrust, etc policy by directly running one competitor in every important industry, instead of making rules for every participant?
14 replies
18 recasts
106 reactions
William Mougayar
@wmougayar
2/2 Good example is the LCBO that runs the industry, creates rules for it & lets a tiny bit of artificial competition under its own rules, resulting in an illusion of openness, but where the consumer ends up paying the price financially & gets poor choices. So you end up with the worst system.
0 reply
0 recast
0 reaction