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Because in a free market, companies cannot keep out competitors. Only through regulatory capture / cooperating with government are monopolies sustained. Even t
by clarkmoody 10y ago
Because in a free market, companies cannot keep out competitors. Only through regulatory capture / cooperating with government are monopolies sustained.
Even the greatest monopoly of all time -- Standard Oil -- which at its peak had 96% market share was whittled down to 64% by competition by the time the "white knight" regulators had it broken up.
And who knows the long-term consequences of empowering the government to determine what is and isn't a monopoly? Well in the case of friendly relationships with well-lobbied corporate interests, there will probably not be any anti-monopoly action forthcoming.