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> "The market equilibrium in any moderately capital-intensive industry favors just a handful of huge competitors." That's why it's necessary to occasionally cl
by ZenoArrow 11y ago
> "The market equilibrium in any moderately capital-intensive industry favors just a handful of huge competitors."
That's why it's necessary to occasionally clip their wings. Even if capitalism left unchecked results in large concentration of power, the role that government plays in regulating these markets is to enable (or at least, should be 'to enable') new competitors to emerge that can compete with established players, in order to maintain healthy levels of competition.