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Government enforcing and supporting monopoly is government not doing its job. Look to the individuals responsible, particularly those who've constructed the inc
by desc 7y ago
Government enforcing and supporting monopoly is government not doing its job. Look to the individuals responsible, particularly those who've constructed the incentives for other parts of government to support such monopolies.
Left to themselves, corporations acquire monopolies. The market gravitates towards nasty local maxima when there is information asymmetry, or when people simply don't have enough spare resource to compare options properly (attention asymmetry?). The primary organised force against corporate opportunism is government.
Government does of course have its own failure modes, democracy regardless (for similar reasons) against which corporations and the free market operate.
Claiming that either half of the system is remotely capable of self-regulating is moronic.