I can agree with most of that.
So rings true they can do whatever they want, and so we do not operate on a level playing field when it comes to trade, let alone operations.
People will always start and run a business to make money for themselves, to turn a profit....usually the reason being they prefer to not work under someone. The incentive is, if you have an idea, where would you rather be, here or China? We're too over regulated and you're right, some other countries do have more freedom and less restriction but the drawback is the individual liberty and right to prosper is NOT there. But shame on us for letting it get this way.
Standards are also set by the individual, or the company not necessary the government or in forms of regulation. Most set their own standards to build better products, services and performance to separate themselves from their competition and probably the reason why we get innovation set from personal standards and not ones set from government . As it relates to China and LED's well, we've all seen the companies that come here, advertise a here now gone tomorrow so much for the 80,000 hr warranty on cheap grade chips. Warranties offered for 50,000 hours, 5 years from a actual diode manufacture who only offers 3....false advertising.
Most started with a great idea, acted on it and started a business. The purpose of a business is not to create jobs but to turn a profit, however an awesome byproduct of a business are jobs. Companies will thrive and grow with great employees.
On monopolies, the interesting part about the collaboration of various large companies usually occurs when the people let government get bigger, more regulation, and so starts the overreach. In reaction, large companies bind together and merge to become larger to protect themselves and their way of doing business. This generally does not happen with smaller government and low regulation, it's easier to operate and compete
But funny point on companies buying others to shut them down or have those products permanently shelved, we've seen plenty of that in this industry alone.....I suppose I could mention names. But just think about what you enjoyed using that you do not have anymore, lol
All in all, we still live in the best country this world has ever seen, AND a country that has only been around a little over 200 years, no other country values individual/personal rights, liberties & freedoms. Others can try and copy, but "freedom" is never enough WITHOUT responsibility and virtue. Without those qualities it becomes a soggy mushy mess......and why America is exceptional, and why others flock to the idea of "Freedom"
My Sunday thoughts....