3 ms·
> It should be though. Unchecked monopolies, duopolies and oligopolies are antithetical to a free market economy - they stifle competition and make the market u
by naasking 3y ago
> It should be though. Unchecked monopolies, duopolies and oligopolies are antithetical to a free market economy - they stifle competition and make the market un-free as well
Some markets only support a natural monopoly though. If you forcefully break up every monopoly you'll always be in court, because after winning the case and breaking up a company, the next natural monopoly will form within a few years.
The best compromise is to only go after them if they're abusing their position. I agree the standards for that are too low though.
- mschuster91 3y agoAgreed, particularly in agriculture and other rural scenarios it's very common that there is effectively one seller/purchaser for entire classes of goods. But there is barely any government oversight authority to watch over these or where any affected party can raise grievances.
- tomnipotent 3y agoExcept the US government is constantly opening antitrust cases and successfully prosecuting violators on a monthly basis, you probably just never hear about it. https://www.justice.gov/atr/antitrust-case-filings https://www.justice.gov/atr/antitrust-case-filings