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When we think of centrally planned economies, we think of things like communism. But monopolies and duopolies are also a form of central planning. Without compe
by yedava 3y ago
When we think of centrally planned economies, we think of things like communism. But monopolies and duopolies are also a form of central planning. Without competition, decisions are all made by a select elite (and not the market). That inevitably leads to disaster. For far too long we've let corporations grow uncontrolled like a cancer. It is time to break them up. There are many more disasters like Boeing waiting to happen.
- MrBuddyCasino 3y agoAs long as regulation drives the market towards oligopoly, breaking up companies does nothing. What is needed is for conditions to change such that competition becomes viable again. In some cases this will be impossible due to financial constraints.
- pbmonster 3y ago> Without competition, decisions are all made by a select elite (and not the market). I'm not disputing that this is true, but in this context the statement is a little weird. The article mentions multiple times that Boing or Airbus misjudged where the market - their airline customers - would go, and took huge losses because of it. If it was up to a select elite, today, the A380 would allow for massively increased passenger numbers flying out of the big hub airports. Instead, the plane is dead, and Airbus begrudgingly builds what the market wants instead.
- Night_Thastus 3y agoI'm not sure how you extracted that from this article. Breaking those two up into more would just make more struggling companies that would inevitably die after losing so much of their talent and advantages of scale.