2 ms·
Given the choice between a government-owned monopoly and a private monopoly, why would you choose the latter?
by sliverstorm 9y ago
Given the choice between a government-owned monopoly and a private monopoly, why would you choose the latter?
- patmorgan23 9y agoBecause the latter can and will be displaced by a shift in the marketplace. The former can literally shut down its competitors with state power.
- mattmcknight 9y agoThat's a bit of a false dilemma though, as you don't need any monopoly. It is the local governments that granted the monopolies in the first place.