2 ms·
> Economic power is earned justly (by offering better/more efficient/lower priced goods and services), and monopolies obtained and maintained this way are desir
by antihero 16y ago
> Economic power is earned justly (by offering better/more efficient/lower priced goods and services), and monopolies obtained and maintained this way are desirable.
Or by stomping on heads of competitors, fleecing existing customers to boost new customers, locking people into nasty contracts, bullying others out of the market, utilising less ethical means to undercut the competition, paying your employees lower, offering an inferior product with better marketing, going to the right school and having the right mates and getting contracts for things despite offering less for more.
I know in happy startup land there are lots of wonderful companies that are living the dream and doing it in a nice way, but if you think what's best for a company is great for everyone else, I'd have to disagree.
It's nice to think that the business world is a meritocracy but that simply isn't true.