this post was submitted on 25 May 2026
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Selection by competition and "the free market" work as great ideas if you assume said competitors are all on an equal playing field.
Problem is they're almost certainly not. Big players will always leverage their resources to skew the playing field towards themselves - they'll get laws changed to make entry prohibitive, then they'll force exclusivity with suppliers and tank losses to put any survivors out of business.
All in the conquest to make themselves as legally close to a monopoly as they're allowed to be... And that's assuming they don't start out as one artificially cough British Telecom cough.
Even if they don't change laws, and even if they don't resort to anything outright immoral, a large player can pay an up-and-coming competitor $100k for their thing, and then bury it. A $100k windfall might be a big deal to a new entrant, a difficult offer to pass up, while simultaneously being nothing for the existing incumbent. Or less morally you could outbid them for a critical resource they require just to prevent them from having it, when you don't even need it.
There's a lot of power that comes from being able to sustain a loss larger than the other party's entire operating budget.