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> It's almost as if the theory that monopolies inevitably grow to take over the world has serious problems :-) Even if they don't last forever they cause harm
by rifung 7y ago
> It's almost as if the theory that monopolies inevitably grow to take over the world has serious problems :-)
Even if they don't last forever they cause harm while they are around. The theory isn't that monopolies allow companies to last forever but that they prevent competition and harm consumers.
- Nasrudith 7y agoI know that it isn't binart but I can't help but note the irony: if they don't last forever and their demise isn't from obsolescence but a competitor isn't that a statement contradicting preventing competition? One could be technically more precise and limit prevention to "full effectiveness in all in their domain" or use it loosely enough that simply making one potential competitor unable to set up due to lower margins or investment in efficency is not wrong in a pendantic sense separate from the legal definitions.
- rifung 7y ago> I know that it isn't binart but I can't help but note the irony: if they don't last forever and their demise isn't from obsolescence but a competitor isn't that a statement contradicting preventing competition? You're right and I also mispoke when I said monopolies cause harm in and of themselves. The issue isn't monopolies but when companies use their position as a monopoly in an anticompetitive way.