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We 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 alm
by modeless 2y ago
We 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.