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That's definitely a problem in the limit. However, we are nowhere close to that limit: our economy now mostly consists of vertically-integrated monopolies and
by eli_gottlieb 10y ago
That's definitely a problem in the limit. However, we are nowhere close to that limit: our economy now mostly consists of vertically-integrated monopolies and oligopolies. Just think about, say, Comcast, which is simultaneously the most hated firm in America and yet subject to neither government regulation nor market competition.
Among simple and easy slogans for solving our problems, "break them all up" is actually a pretty good one.
- mdpopescu 10y agoIt's impossible to have both "neither government regulation nor market competition". (This is clearly the case with Comcast.) The reason for the lack of competition is exactly the presence of government regulation.