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In all your examples, state acts as gate-keeper and these are local/national industries. If you have a multi-national company that is monopoly, its very likely
by wav-part 9y ago
In all your examples, state acts as gate-keeper and these are local/national industries. If you have a multi-national company that is monopoly, its very likely to be market granted monopoly.
> In a mixed economy, monopoly exists because of state and market.
No. We live in global economy. Most companies have to compete globally. You might get favours from few countries but not most. Note whether your home country gives you a boost or not, is irrelevent. The success in a foreign country without its govt's blessing, is the question.
- sevensor 9y agoI'm confused. The article was about the United States, which has an enormous regulatory apparatus. You're saying that's irrelevant to multi-national corporations that operate here?
- wav-part 9y agoNo. If some MNC is a global monopoly then the industry is lightly/none regulated by most significant countries. Though, USA is an exception, achived arguably due to history of low market intervention. I would not say that the MNC does not care but achieving global monopoly in heavely regulated industry is very hard. Case in point, in banking industry (the most regulated sector), there is no private (or even public) global monopoly.