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Some monopolies are naturally occurring or at least much more efficient than competition provided the monopoly isn’t abused. In other cases, temporal monopolies
by opportune 3y ago
Some monopolies are naturally occurring or at least much more efficient than competition provided the monopoly isn’t abused. In other cases, temporal monopolies happen simply due to competition (if Spacex’s starship becomes reality in the near future, they’ll have a monopoly on that tech for years or even decades) and technological advancement.
In some cases I think the government should simply operate (in the case of utilities) or heavily regulate monopolies while allowing them to exist. IMO a monopoly is only bad insofar as it overcharges customers, stifles innovation, and abuses its position to prevent competitors from arising or gaining market share. It’s not the monopoly itself that’s the problem
- swagasaurus-rex 3y ago> It’s not the monopoly itself that’s the problem If all of those bad things happen only because they have monopoly power, then yeah the monopoly itself is the problem.