Dave Rahardja (temporarily spooky) on Nostr: nprofile1q…h6zuf Similar to winner-takes-all, first-past-the-post election systems, ...

nprofile1qyt8wumn8ghj7un9d3shjtnyd968gmewwp6kytcqyzm8guz7s5zcn88altupz92cdg5n3k4wmfhwhuc8mf2hl9yq065e55h6zuf (nprofile…6zuf) Similar to winner-takes-all, first-past-the-post election systems, I think any market system that allows unlimited acquisition will end up with at most two dominant players in every field.

Without regulation outside of market forces, any company with a competitive edge is likely to remove further competition by buying out its competitors, or leveraging its existing portfolio to force competitors out of the game. Given enough time, at most two companies will own everything.