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There are many ways in which the big get bigger, until they become oligopolies. Some are fair (network effect, economies of scale). Others are not (predatory pr
by notacoward 8y ago
There are many ways in which the big get bigger, until they become oligopolies. Some are fair (network effect, economies of scale). Others are not (predatory pricing, regulatory capture). Regulation alone can slow this process and mitigate its worst effects, but it can't stop the process entirely because there are just so many mechanisms involved. If you're OK with the idea of companies large enough to rival or even exceed the power of governments (as with the East India Company mentioned in the article) then that's the end of the story and I'm not here to argue that point. If not, then sooner or later you'll have to come to grips with the idea of a tax on size itself. Few people start out liking it (I didn't), but it's really the only alternative to the imposition of a corporate state.