This assumes a fair market. Most (all?) arguments that depend on competition depend on a fair market. However, no industry or government lives in a vacuum. F

This assumes a fair market. Most (all?) arguments that depend on competition depend on a fair market. However, no industry or government lives in a vacuum. Firm X develops enough market dominance to constantly collect vast sums of money to build their war chest. This war chest is used to buy out competitors, and kill off competing ideas. Firm X creates clones of lower priced alternatives, then outcompetes the smaller firm. Firm X uses war chest to fob off or weaken regulators (if any exist), extending the time they can extract rents. —— Little guys have to survive by getting enough money fast enough to beat the Big guy. Why bother? Get moderately sized, get bought out, and live with your wealth. PS: I have butchered economics somewhere, forgive me.