4 ms·

One of the ideas behind federalism was that government / the state need not have a monopoly on everything. Corporate monopolies usually only persist due to two

One of the ideas behind federalism was that government / the state need not have a monopoly on everything. Corporate monopolies usually only persist due to two reasons: regulatory barriers or technological stagnation. Both are solvable.

wizzwizz4 6y ago
If not for regulatory barriers, do you really think Bell Systems would ever have lost its monopoly over US telecoms?
- andrewjl 6y ago
  It's always hard to talk about history that didn't transpire but yes, due to technological change similar to IBM.
  - wizzwizz4 6y ago
    But they controlled all the phone lines, and hence all the broadband – they'd only be ousted when 3G came along, and even then would they really have?
arcticbull 6y ago
Sure regulatory capture can entrench interests, but there's no reason to believe that in the absence of regulation one big company wouldn't aggregate every major market and just destroy all competition.