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The economic orthodoxy believes that consolidation > efficiency > reduced prices > consumer benefit > societal benefit No amount of empirical evidence to the c
by ajmadesc 6y ago
The economic orthodoxy believes that consolidation > efficiency > reduced prices > consumer benefit > societal benefit
No amount of empirical evidence to the contrary will disuade them because you don't understand the _science_
- morpheos137 6y agoActually that is not really economic orthodoxy unless you learn economics from CNBC or something. Real economists understand that monopoly, oligopoly often produces a suboptimal outcome. In order for capitalism to work competition has to exist. For Boeing the only competition is Airbus. We have been building jetliners from over half a century. Things like airframes failing after 8 years shouldn't be a thing...