Why Government Should Not Regulate The App Market by Iain Murray, Foundation For Economic Education
Guys and Dolls and Apps and Regulators
In Damon Runyons Broadway stories (and in the musical Guys and Dolls), a gambler named Nathan Detroit hosts New Yorks oldest established floating crap game, presaging three functions of todays app revolution. Thinking of the app market in such nontechnological terms shows us what is really happening today and lays bare the absurdity of government attempts to regulate it.
Making the Market
First, Nathan Detroit made the market by bringing gamblers together. The game, like todays apps, was open to anyone with the right password:
So Nathan Detroit moves his crap game from spot to spot, and ci…
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