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I mean it's _the_ Standard Oil. They used their massive market domination and control of every step of the process to just destroy competitors. I mean yeah the
by rtpg 5y ago
I mean it's _the_ Standard Oil. They used their massive market domination and control of every step of the process to just destroy competitors.
I mean yeah they succeeded because it turns out that for a commodity just having one large network for everything is more efficient (and if you own everything, no middlemen!). But that's just an argument for nationalising commodities.
All that Standard Oil profit year after year came from somebody.
- vasco 5y ago> But that's just an argument for nationalising commodities. Because the government is so great at efficiently doing things and selling things I can totally see how you'd make the leap to nationalize all commodities.