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Actually that is not really economic orthodoxy unless you learn economics from CNBC or something. Real economists understand that monopoly, oligopoly often prod
by morpheos137 6y ago
Actually 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...