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follow the money. they are a monopoly if it can generate penalties and further the careers of politicians with regulatory powers.
by Shivetya 10y ago
follow the money. they are a monopoly if it can generate penalties and further the careers of politicians with regulatory powers.
- cobbzilla 9y agoYou're describing regulatory capture, and it doesn't require a monopoly at all, merely deeply-entrenched players with effective lobbyists. Many, many industries engage in regulatory capture without having a single monopolist, e.g. pharma, defense, even say the SF housing market.