3 ms·
Capitalism works really great when there's competition. When there's a government-sanctioned monopoly like this, you get all of the efficiency and speed of a f
by FredPret 2y ago
Capitalism works really great when there's competition.
When there's a government-sanctioned monopoly like this, you get all of the efficiency and speed of a for-profit corporation, but it all goes in the wrong direction.
I once read a game-theory study somewhere that showed you need four or five operators minimum to avoid monopolistic cooperation.