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Monopolies have never happened in the US? Tell that to Standard Oil.

• civilized 5y ago
  So because there was an oil monopoly around 1900, we need to prevent a "similar" housing monopoly in 2021? No, I stand by my post. Nothing remotely like the situation you describe has ever happened. It is not the case that, because an oil monopoly happened in 1900, we need to be hypervigilant to hypothetical monopolies in other industries where nothing remotely like that has ever happened.
  • kennywinker 5y ago
    Before the rise of the Chicago school approach to antitrust, government regularly took action to prevent monopolization. Oddly enough, the size of the world's largest corporations has been skyrocketing in that same period. So yes - we should be hypervigilant to hypothetical monopolies in every industry - especially when we have governments decidedly uninterested in preventing them. https://en.wikipedia.org/wiki/United_States_antitrust_law#Rise_of_the_Chicago_School_(1970s%E2%80%93present) https://en.wikipedia.org/wiki/United_States_antitrust_law#Ri...
    • civilized 5y ago
      Okay, you want to talk about monopoly. You don't want to talk about housing. Fine, whatever. But don't pretend your ideas have anything to do with actually helping the cause of affordable housing.