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Okay, but what happens when you inevitably end up with a conglomerate monopoly or duopoly on the majority of consumer goods in a given sector? That's the natura
by soulofmischief 2y ago
Okay, but what happens when you inevitably end up with a conglomerate monopoly or duopoly on the majority of consumer goods in a given sector? That's the natural outcome of an unregulated market, at which point honesty fully goes out the window.
- spacebanana7 2y agoMonopolies with repeated consumer interaction still want people to maintain high levels of consumption in their products. For example a tobacco monopoly wouldn't make cigarettes that are immediately sickening to their consumers because of bad filters. They'd prefer for consumers to happily buy cigarettes for a decade or two before getting unwell so they can have more sales.
- soulofmischief 2y agoThat doesn't mean honesty, honor, etc will ever enter the equation.
- CalRobert 2y agoAnnoyingly we now seem to get regulation that favours incumbents, entrenching the duopolies you fear
- FredPret 2y agoAlmost all regulation favors large entities who can afford the lawyers and consultants to deal with it. The exception is anti-trust regulation.