After reading Spencer Baldwinson’s insightful blog, I became more aware as to how serious competition is. Many developed countries have set up strict rules regarding competition policies which have helped prevent harmful monopolies from forming. Although governments and competition agencies put in their best efforts to prevent such monopolies from occurring, it is often the case for companies to find a way around the policies implemented. A good example for this would be the Intel controversy from the blog post, which shoes how thin the line is between favourable competition and harmful competition. As said in the blog post, capitalist nations such as the USA which favour competition and encourages it in the private sector still have rules to govern the competition. In my opinion, one fundamental drawback of a laissez- faire economy would be the handling of competition. As private sectors become greedy, the allocation of resources becomes inefficient as the focus shifts to the private sectors interests rather than the consumers. Therefore, the deceptively simple tactics implemented by companies in free markets should not be taken lightly as it is often part of a long term strategy that has a strong possibility of creating harmful competition and a monopoly.