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Every time a monopoly arises, that is the market telling you the most efficient way to produce the good is with a single centrally planned organization, and tha
by wfo 9y ago
Every time a monopoly arises, that is the market telling you the most efficient way to produce the good is with a single centrally planned organization, and that competition is not possible or effective.
A monopoly is the market's way of saying an industry/service should be nationalized.
- notacoward 9y agoI'm not sure I agree, but an interesting thought. Thanks.
- humanrebar 9y ago> A monopoly is the market's way of saying an industry/service should be nationalized. The U.S. doesn't have a nationally run garbage service. Police departments aren't national. There is no national toll authority.
- jedharris 9y agoSo yeah, publify not nationalize. But the argument is clear. Not going to resist the rationality of the market, after all. Wonder why there’s no standard term for “publify”? Let’s change that!
- humanrebar 9y agoBut there still is a market. Cities compete against each other and that keeps them honest. If a city neglects it's police force, it faces demographic consequences. And if citizens are hurt by poor policing, they have other cities to choose. These properties are not true to the same degree in national issues.