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gf000today at 3:22 PM1 replyview on HN

well, apparently not even Microsoft had enough capital.

It's almost like the free market only works when we have well-defined and regulated markets. This has been known by Adam Smith and quite logical, yet people expect Google and Apple giga-corporations with monopolies to somehow abide by the laws of selling grains on the market.


Replies

tfrancisltoday at 4:07 PM

"Trust me guys, the free market will work, it's just that no-one ever earnestly tried it before!!"

No. This is the end state of any semblance of laissez-faire economics. Full stop. Massive accumulation at the top, power to those with capital, rags for the poorest.