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“Market forces” create monopolies that buy off politicians and entrench their price-fixing power.
by bugglebeetle 3y ago
“Market forces” create monopolies that buy off politicians and entrench their price-fixing power.
- astrange 3y agoWithout looking it up, do you know what a monopsony is? If so, why are you claiming any given middleman business is only one of them and not the other? Since they have opposite effects. I also don't think the monopoly model applies outside industries like energy where there's obvious physical reasons to have one, but there are reasons it helps to grant one to a business in exchange for heavier oversight. It's hard to regulate a lot of small companies. In general though, "big monopoly corporations" causing everything is a leftover of 70s New Leftism, which was a failure and worse than their prior Marxist analysis.