What does history have to teach us about unregulated markets?
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Was wondering what the automotive industry was like decades ago. I assume there was some transitions from: - hobby product - advances make a semi-comman standard across competitors - a few dominating companies emerge, like Ford (maybe with including boom and bust periods) - Tipping point where the old way is replaced. Minimum speeds on roads make Horses illegal. - REGULATION. (i might be missing a few steps) My thinking is how we can apply the lessons learned to some of the scaremongering with the big tech companies. After noticing the headline [I Want To Kick The Tech Giants Out Of My Life, says Wikipedia Co-Founder - MSPoweruser](https://mspoweruser.com/i-want-to-kick-the-tech-giants-out-of-my-life-says-wikipedia-co-founder/) In comparison, the main car companies, need to follow many regulations to 1 supply a car to someone. then 2 that person requires to follow some regulation. (I am so over simplified something here) Was there a transition period where people were like "I don't want to drive a car made by Ford cause I don't like Ford or any other big company." Except they are much safer products?
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Was wondering what the automotive industry was like decades ago. I assume there was some transitions from: - hobby product - advances make a semi-comman standard across competitors - a few dominating companies emerge, like Ford (maybe with including boom and bust periods) - Tipping point where the old way is replaced. Minimum speeds on roads make Horses illegal. - REGULATION. (i might be missing a few steps) My thinking is how we can apply the lessons learned to some of the scaremongering with the big tech companies. After noticing the headline [I Want To Kick The Tech Giants Out Of My Life, says Wikipedia Co-Founder - MSPoweruser](https://mspoweruser.com/i-want-to-kick-the-tech-giants-out-of-my-life-says-wikipedia-co-founder/) In comparison, the main car companies, need to follow many regulations to 1 supply a car to someone. then 2 that person requires to follow some regulation. (I am so over simplified something here) Was there a transition period where people were like "I don't want to drive a car made by Ford cause I don't like Ford or any other big company." Except they are much safer products?
I think with the auto industry you have it somewhat backwards. Ford, as the dominant company emerges Maybe some hobbyists Other companies emerge Government steps in with regulations.
maze3 wrote:
Was there a transition period where people were like "I don't want to drive a car made by Ford cause I don't like Ford or any other big company."
Sure. I want bigger tail fins, bigger engine, bigger back seat. :rolleyes:
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Was wondering what the automotive industry was like decades ago. I assume there was some transitions from: - hobby product - advances make a semi-comman standard across competitors - a few dominating companies emerge, like Ford (maybe with including boom and bust periods) - Tipping point where the old way is replaced. Minimum speeds on roads make Horses illegal. - REGULATION. (i might be missing a few steps) My thinking is how we can apply the lessons learned to some of the scaremongering with the big tech companies. After noticing the headline [I Want To Kick The Tech Giants Out Of My Life, says Wikipedia Co-Founder - MSPoweruser](https://mspoweruser.com/i-want-to-kick-the-tech-giants-out-of-my-life-says-wikipedia-co-founder/) In comparison, the main car companies, need to follow many regulations to 1 supply a car to someone. then 2 that person requires to follow some regulation. (I am so over simplified something here) Was there a transition period where people were like "I don't want to drive a car made by Ford cause I don't like Ford or any other big company." Except they are much safer products?
The origin and rapid evolution of the auto industry was as much a disruptive, transformational, series of events as the smelting of metals (iron, bronze) at the end of the neolithic, as the domestication of dogs, cattle, sheep, goats, pigs, as large scale irrigation projects for somewhat reliable production of domesticated cereal grains, and, more recently, railroads. Instead of fantasizing about it, why not read a good book ? The remarkable book "the Prize" by Daniel Yergin [^], which won the Pulitzer Prize, while focused on the oil industry, covers the "automobile age," and its visionaries, tycoons, and oddballs, in wonderful, vivid, detail.
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