3 ms·
I don't understand. If it's a monopoly, it's not a free market, by definition. Seems like you are the one trolling here.
by mrfumier 3y ago
I don't understand.
If it's a monopoly, it's not a free market, by definition. Seems like you are the one trolling here.
- lmm 3y agoTrains are a natural monopoly, that's why lassiez-faire policies don't work.
- hsjqllzlfkf 3y agoYou asked how profits are extracted, and I answered your question. Now you're bringing up monopoly vs free market, which has nothing to do with the question.
- cjrp 3y agoThe award of the contract to run that particular collection of routes is ostensibly free-market. Once it's awarded, they hold a monopoly for the duration of the contract though.
- HWR_14 3y agoNothing about a free market precludes a monopoly from existing. I have no idea why you would think that was the case.
- ClumsyPilot 3y ago> it's a monopoly, it's not a free market, by definition It is a free market, you are free to open your own water company and build your own water pipes or deliver water in bottles. No one is stopping you
- lifeonlars 3y agoActually, the very widely replicated experience of most challenger utilities is that the entrenched utility will stop you, sometimes in collusion with the government or municipalities. Try getting permits to dig up the road to put your competing pipes alongside the current monopolists. In Britain, British Telecom spent around 20 years making it impossible for other players to supply an internet service to consumers. They used various anti-competitive practices and had very good capture of the largely toothless regulator OfCom. This is all documented.