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Nationalizing monopolies? So instead of them eventually being replaced by the market, they are forever entombed by public unions, pork, and politicians where th
by merpnderp 7y ago
Nationalizing monopolies? So instead of them eventually being replaced by the market, they are forever entombed by public unions, pork, and politicians where they'd go on like rotten zombies forever? That is a horrible idea.
- zozbot234 7y agoTemporary nationalization is a thing. Nationalize the monopoly firm, spin off the portions that are not inherently monopolistic and can be entrusted to the private sector, and run the rest - the "platform" part, where barriers to entry are inherently high and there's thus a lot of monopoly risk - as a public utility. You basically lose out on some potential for vertical integration, but the flip side is that the enterprise neatly escapes the fate of being "forever entombed by public unions, pork, and politicians where they'd go on like rotten zombies forever".