The more universal a need is, the less it should be supplied by capitalism.
Education; healthcare: universal needs. When left to the private sector, prices explode and exploitation reigns. Because no matter the price, people will pay.
Las Vegas’ strip on the other hand, needs no government intervention. Folks there are spending money they can live without!
American culture worships the market as solver of all problems - which it is while there’s still growth. But when things settle in, standards allow new players to keep incumbents honest.
Regarding standards, neat that the “standard” for C is ANSI C. It calls back to a time when standards bodies were key to technology development. It predates even IBM’s XT and AT PC - a transition away from standards-bodies-driven hardware development toward market-leader driven.
Ultimately the universality of standards and ability for new players should always be maintained in every market - it should never be impossible to disrupt lazy incumbents. Standards are crucial to keeping markets and industries healthy.
The more universal a need is, the less it should be supplied by capitalism.
Education; healthcare: universal needs. When left to the private sector, prices explode and exploitation reigns. Because no matter the price, people will pay.
Las Vegas’ strip on the other hand, needs no government intervention. Folks there are spending money they can live without!
American culture worships the market as solver of all problems - which it is while there’s still growth. But when things settle in, standards allow new players to keep incumbents honest.
Regarding standards, neat that the “standard” for C is ANSI C. It calls back to a time when standards bodies were key to technology development. It predates even IBM’s XT and AT PC - a transition away from standards-bodies-driven hardware development toward market-leader driven.
Ultimately the universality of standards and ability for new players should always be maintained in every market - it should never be impossible to disrupt lazy incumbents. Standards are crucial to keeping markets and industries healthy.
Soooo how we doing over in social media?