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The obvious answer is that if an industry or company is a monopolistic or oligopolistic rent-seeker, then it should be nationalized or converted to a public uti
by blackbagboys 9y ago
The obvious answer is that if an industry or company is a monopolistic or oligopolistic rent-seeker, then it should be nationalized or converted to a public utility.
- sokoloff 9y agoDo you want web search, or logistics, or OS development, or air transport, or social media to be government controlled? (I disagree that any of those are monopolies, but people occasionally bellyache about those as possibly uncompetitive markets.) When I think about my experiences with other government services, I’m not hopeful that they’d do a job I’d be interested in having done.