4 ms·
> run it as a tightly regulated monopoly for maximum efficiency Name a real world monopoly that maximizes efficiency.
by unmole 3y ago
> run it as a tightly regulated monopoly for maximum efficiency
Name a real world monopoly that maximizes efficiency.
- wifnsiworjf 3y agoThe UK’s NHS delivers healthcare to everyone at half the cost of the US system (9% of GDP vs 18%) Doesn’t get more socialist than a healthcare system for the people, free at the point of use, paid by taxation. Hence it’s being dismantled to ensure that answers to questions like these line up with ideology.
- zen_of_prog 3y agoDepends on the definition of efficiency since a lot of it comes down to who or what is deciding to > pass the savings back to the parts of society doing more interesting things But in terms of successful monopolies, a lot of state-owned oil companies like Saudi Aramco, transportation companies like SNCF, Google 10 years ago, and Bell 50 years ago
- ElevenLathe 3y agoIt doesn't need to be maximally efficient, just efficient enough that we can stop thinking about it. Lots of electric utilities fit this bill. So does the post office. I'm sure there are others. These organizations aren't fighting to save every penny or inventing new features nobody is asking for to differentiate themselves from other offerings, but shopping around all the time has a cost too, so we're probably better off just letting the post office be a little inefficient. It costs us each an extra few cents per stamp, but in return we don't have to shop around for stamps and there is always a post office nearby, everywhere in the country.