alt Hacker NewsAnd in the long run, regulated market companies win out- while the de-regulated ones decay and enshittify. Boeing vs Airbus comes to mind.
And in the long run, regulated market companies win out- while the de-regulated ones decay and enshittify. Boeing vs Airbus comes to mind.
Great example. An highly regulated field (aerospace) put so many barriers of entry for startups and competition that the incumbents simple have to reason to innovate or even compete anymore.
I heard there used to be dozens of plane-building companies when the field was unregulated, with new, more efficient models and lower prices appearing regularly. I wonder what happened.