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Agricultural subsidies are the clearest form of theft from consumers there is. There is zero chance of monopolies in an unrestrained agricultural, oil, or gas m
by valuearb 6y ago
Agricultural subsidies are the clearest form of theft from consumers there is. There is zero chance of monopolies in an unrestrained agricultural, oil, or gas markets.
Your better example is Aerospace, but there is no proven reason we need those colossal companies, and a big part of the merger drive that created them us to monopolize access to government contracts. ULA is a perfect example of that.
- nicoburns 6y agoI think what you miss here is that in addition to efficiency, resilience is important in agricultural (and arguably other industries). Depending on foreign supply is all well and good until there's a shortage. Then you're screwed. Arguably China have just found this with semiconductors. It was all well and good depending on TSMC, until the US blocked their supply.