At CinemaCon this year, the Motion Picture Association Chairman and CEO Charles Rivkin said the organization is going to work with Congress to establish and enforce a site-blocking legislation in the United States.
That’s an unregulated market. It’s a bit counterintuitive, but an idealized free market would need to be free of price fixing and monopolization, and therefore requires regulation.
That’s what all these invisible hand folk always get wrong.
I agree 😇 free market leads to one big monopoly which decides anything for anyone. Regulation is needed all the time, as we saw (and see) with Microsoft and now with Apple, Amazon, Google etc.
Its not even a free market. Check the protectionism keeping Chinese EVs out of the US. Its more like the land of corporate profits.
There’s no such thing as a free market unless you’re talking about places like Somolia where there is no government.
Free Market is to economics what The American Dream is to immigrants and citizens.
Reality inevitably shines a harsh light on both.
That’s an unregulated market. It’s a bit counterintuitive, but an idealized free market would need to be free of price fixing and monopolization, and therefore requires regulation.
That’s what all these invisible hand folk always get wrong.
I agree 😇 free market leads to one big monopoly which decides anything for anyone. Regulation is needed all the time, as we saw (and see) with Microsoft and now with Apple, Amazon, Google etc.
Unregulated market ≠ free market. That’s what I just explained. If you’d like a better understanding I’d recommend auditing econ 101 online: https://youtu.be/_OkTw766oCs?si=twyynoEzf-bi5k3m
It’s probably a course that everyone should take anyways, TBH.