CodePsychology on Nostr: The more the competition for a certain product or service space, the better these ...
The more the competition for a certain product or service space,
the better these products or services have to be for users to switch to them.
So the higher the competition,
the better the products.
Higher the competition, happier the users💜
So to get more competition, we need:
1️⃣ Barrier to entry shall be easy and open to anyone.
2️⃣ There shall be no "free lunch" in a way, that companies can get a lot of money for nothing. Money shall only be earnable by work. So no money printing, and no zombie companies (bigger costs then income -> these shall die to release capital to support better products.)
3️⃣ Open-sourcing: if someone invents something, he shall share it, so that others can improve on it.
4️⃣ Free market: capital shall be allocatable efficiently. Capital shall go there, where they create useful products.
If you want better products, you shall work on increasing competition. If you want to increase competition, you can concentrate on any of these areas, or all of them.
#economy #freemarket #opensource #foss #plebchain
the better these products or services have to be for users to switch to them.
So the higher the competition,
the better the products.
Higher the competition, happier the users💜
So to get more competition, we need:
1️⃣ Barrier to entry shall be easy and open to anyone.
2️⃣ There shall be no "free lunch" in a way, that companies can get a lot of money for nothing. Money shall only be earnable by work. So no money printing, and no zombie companies (bigger costs then income -> these shall die to release capital to support better products.)
3️⃣ Open-sourcing: if someone invents something, he shall share it, so that others can improve on it.
4️⃣ Free market: capital shall be allocatable efficiently. Capital shall go there, where they create useful products.
If you want better products, you shall work on increasing competition. If you want to increase competition, you can concentrate on any of these areas, or all of them.
#economy #freemarket #opensource #foss #plebchain