2 ms·
Without 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 th
by astrange 3y ago
Without 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.