4 ms·
Delusion belief in market forces that completely ignores the reality when companies reach monopoly status.
by suddenlybananas 2y ago
Delusion belief in market forces that completely ignores the reality when companies reach monopoly status.
- airstrike 2y agoEven if that were true, by definition not every company reaches monopoly status, so all others can fail too, unlike the government, so this argument against the GP's claim does not hold.
- modeless 2y agoWe have antitrust law for that. But antitrust law today is simply overwhelmed by the huge number of monopolies and oligopolies the government has created in almost every sector. And courts don't have the power to correct the problem by reducing the regulations that protected the monopolies in the first place, making their remedies temporary.
- Volundr 2y agoI agree with the first part of your statement but disagree quite strongly with the idea that the government created them. Monopolies and oligopolies are the natural product of unchecked capitalism. Without government activily enforcing antitrust and breaking up monopolies you naturally end up with companies having a stranglehold on their sector.
- Vaslo 2y agoYou’re right in that government is a monopoly in most cases.
- deleted 2y ago[deleted]