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Not all monopolies are natural. Those powerful enough to capture regulators are now a defacto government. The answer is not less regulation, it's a different ki
by paulryanrogers 4y ago
Not all monopolies are natural. Those powerful enough to capture regulators are now a defacto government. The answer is not less regulation, it's a different kind to stop and reverse the consolidation of power.
And benevolent monopolies can and do change over time.
- robertlagrant 4y ago> Not all monopolies are natural Did you read my first paragraph?
- paulryanrogers 4y agoYes I did read it. Why do you suspect I had not? To be more explicit, I wouldn't agree it's most often the government making monopolies. There are plenty of cases where government regulators are captured by 'natural' monopolists (or otherwise large players) who then entrench themselves with regulatory moats, serving only their interests. And even government made monopolies aren't _well_ regulated IMO, for example telcos. A freer market would need controls to prevent consolidation from locking in customers by simply buying up all the spectrum and lobbyists.
- robertlagrant 4y agoI thought you didn't read it because you said "Not all monopolies are natural", after I spent my first paragraph talking about non-natural monopolies.