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Monopoly also happens when socialism works right. “State monopoly” is a real thing.
by pyuser583 5y ago
Monopoly also happens when socialism works right. “State monopoly” is a real thing.
- sudosysgen 5y agoThe difference being that state monopolies pay 100% of their profits to the treasury and have a much, much better track record.
- pyuser583 5y agoState monopolies don’t necessarily pay their profits back to the treasury. I can’t think of any that do. Which state monopoly are you thinking of that does that?
- sudosysgen 5y agoHuh? EDF, Hydro Québec, almost all Chinese SoEs, etc..., aactually I can't think of any that don't.
- pyuser583 5y agoYou were right; I was wrong. I was thinking of local utilities - which are often run as non-profits (or at a loss). Not a fair comparison. And even in regard to utilities, I’d need to look into it more.