Zvi wrote a two whole posts on perfect/imperfect competition and how more competition can be bad. However, this is the only post that has really stuck with me in teaching me how increased competition can be worse overall for the system, and helped me appreciate Moloch in more detail. I expect to vote for this post around +4 or +5.
As with one or two others by Zvi, I think it’s a touch longer than it needs to be, and can be made more concise.
Zvi wrote a two whole posts on perfect/imperfect competition and how more competition can be bad. However, this is the only post that has really stuck with me in teaching me how increased competition can be worse overall for the system, and helped me appreciate Moloch in more detail. I expect to vote for this post around +4 or +5.
As with one or two others by Zvi, I think it’s a touch longer than it needs to be, and can be made more concise.