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Monopolies, like externalities, are a huge source of market failure. Though ironically sometimes the solution to negative externalities is a (regulated) monopo
by Ozzie_osman 7y ago
Monopolies, like externalities, are a huge source of market failure.
Though ironically sometimes the solution to negative externalities is a (regulated) monopoly.
- scarface74 7y agoSo now we are suppose to discourage companies from getting big? Everytine a company gets big do we really want the government to step in? Do your trust your government? Wouid you trust your government if it was the “other” party? It amazes me that people on HN willingly want to give up their agency to the government.
- Ozzie_osman 7y agoHuh? Where did anyone say anything about companies getting big? At this case you're just making strawman arguments. What I (and I think others) are against is anti-competitive behavior. I don't trust the government a whole lot (even my party) but I trust it more than I would a company behaving monopolistically.
- scarface74 7y agoBy HN standards, Apple (with a 40% market share) and Amazon (10% of all retail sales) is a monopoly. The difference is that the government has the power of law to compel me to do something. A company doesn’t. Given that choice, a government with less power is better.