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There is such a thing as a natural monopoly. Usually these are more efficient when run by the government because they inherently cannot benefit from the advanta
by throwaway48476 2y ago
There is such a thing as a natural monopoly. Usually these are more efficient when run by the government because they inherently cannot benefit from the advantages of market competition.
- ben_w 2y agoMy guess is that, whenever there's a possibility of innovation then competition is great and private corporations are the best; but when that period comes to an end, when the private corporations naturally merge together to save money by eliminate duplicate functions or improving scale efficiencies, then government buy-outs, nationalisation, is the best — everything that would have been a shareholder dividend, instead becomes a taxpayer saving. Even if this is correct (unlikely, I'm not an economist) I have no idea how it would interact with globalisation/multinationals.
- idle_zealot 2y agoI'm not sure what amounts to "personal computing" is quite a natural monopoly, but it is important and foundational enough for modern life that it deserves special protection.
- throwaway48476 2y agoPersonal computing is not quite a natural monopoly because it's easy to buy a different device but the rent seeking app store and not letting users install their own software is absolutely an anti competitive monopoly.