But a market where exorbitant costs of regulation drive up the minimum efficient scale to the point that no new entrants are possible is also not a free market.
A free market is one where prices are set based on supply and demand without restrictions on competition due to monopolistic powers, market reserve regulations, etc.
There are always limits to competition, some due to scale, some due to market size, some due to availability of resources. None of those prevent a market from being free.
Even antitrust regulation doesn't necessarily prevent a market from being free.
No, on purpose. Musk is reserving "regulatory" as the excuse that will be used when they fail to deliver: "we had everything ready, I swear, but regulators wouldn't let us launch".
> As far as I understand, it's back to being desert everywhere today.
Not entirely. The once massive Mesopotamian Marshes (which were largely drained by Saddam to destroy the local Shia population) have been partially restored, from about 10% of the original size to about 50%. It will probably take many decades for the ecosystems to be restored, but it is nonetheless good news.
You can address that by using Gini index x median income. The result is the same: the US continues to be an outlier with significantly higher inequality than most developed countries.
Another way to look at it is median income x Gini index. Essentially, higher-income countries tend to have lower inequality, but the US is an exception, with significantly higher inequality than other developed countries.
In the first stage, AJIT has been manufactured in the government-owned Semiconductor Laboratory (SCL), Chandigarh, with a technology that offers the smallest building block of the size 180 nanometers. The researchers also plan to commercially manufacture the processor using more advanced techniques that provide the smallest building block of size 65 nm or 45 nm, which is the current state of the art.
For reference, 180nm was state of the art 20 years ago, and 45nm was state of the art some 12 years ago.
A nitpick: wanderlust doesn't mean in English what it means in German. While in German it still means "a desire to hike", in English it is usually associated with travel, a meaning that in German is closer to Fernweh (far-sickness, as in opposition to home-sickness, which is the literal meaning of nostalgia, the Swiss mercenary malady).