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Economic competition is generally a good thing. Breaking up monopolies fosters competition within a country, and competition promotes progress. Historically, co
by rurp 6y ago
Economic competition is generally a good thing. Breaking up monopolies fosters competition within a country, and competition promotes progress. Historically, companies in free societies have generally performed much better than govt granted/allowed monopolies in more centralized countries.
Sure you can get some economies of scale as a monopoly, but it comes with a lot of corruption, incompetence, and anti-competitive behavior.
- andreilys 6y agoI agree with everything you’re saying. I also think that a hamstrung western company will be steamrolled by international companies with significant state backing/support. This isn’t a simple equation, there are second and third order effects that we can’t appreciate until after the fact.