Tag! You're It!

Funny thing about regulating competition is that more or less it has some hints of biases involved.

Consider for example a marketplace where originally there were only 2 or 3 vendors of the same product, product X. Now, these vendors at the beginning would only be competing amongst themselves. Later on, because of their success, others would now try to replicate the same and would also want to take action on that same marketplace.

As the number of such trade grows in that same area, people would now try to put in certain parameters to promote “fair market practice” – no one may not be able to lower down prices at exaggerated prices; that such product X may only be sold guided by certain guidelines as to quality etc.
But the thing is, and I think, what happens most of the time is that those people who would try to suggest or draft such regulations, or the ones who could influence most such drafting, are the pioneers.
By then, the pioneers would have been able to establish certain practices that would most probably be the bases in drafting the regulation of the same. If such is the case, then it would seem that the resulting regulation would, to some extent, be protecting the interests of such pioneers.

Now, if my hypothesis is correct, then it would certainly show how small players, say in the ICT market, would find it difficult to enter such arena. The big players have already started the game and they dictate how such business would be regulated. There may be a regulating body, but usually the regulation comes only after that which is to be regulated has already been established.

So, joining the big leagues could be put this way:

You ask to join a group of kids playing tumbang preso. Everyone looks at you, then they look at each other, then back at you and in chorus say, ”Okay, but you’re it!”

by Vann dela Cruz #10