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I wonder if there is a hidden dynamic that makes markets with decreasing competition increasingly hostile towards the end user? Will every industry end up bein

• WastingMyTime89 4y ago
  There is nothing hidden here. It’s well known and studied that the less competitive a market is, the better at extracting consumer surplus sellers get. That’s why unregulated markets always converge towards monopolistic/oligopolistic configurations. The issue for corporations is that like consolidation, competition law enforcement also acts like a pendulum. Right now, we are at a point of low enforcement with high consolidation. As electors get tired of being fleeced, they will start to complain and you should see enforcement increase.
  • s1artibartfast 4y ago
    Alternatively, competitors will arise that sell the products people actually want. The hard part is designing regulation that curtails the oligopoly without preventing new enterprise. It is easy to fall into a steady state of high corporate extraction + high regulatory barriers.