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By itself, becoming a monopoly can be legal & ethical. But once you have a monopoly, you're not allowed to do certain things like buying competitors for the pu
by tlb 1y ago
By itself, becoming a monopoly can be legal & ethical.
But once you have a monopoly, you're not allowed to do certain things like buying competitors for the purpose of crushing them.
- deeThrow94 1y agoI think the ethics of private enterprise is far from sorted long, long before getting to market-manipulation. Particularly in the US, where you're essentially obligated to take peoples' money at any cost.
- Juliate 1y agoWhat verifiable existing/attempting monopoly today is ethical?
- tlb 1y agoThey are about as ethical as non-monopoly businesses. Which is to say that some are bad and most are OK. I guess some people think all business is unethical, but for those people monopolies don't change the sign.
- Juliate 1y ago> They are about as ethical as non-monopoly businesses. No, my point/thesis is that, whatever non-monopolies can be, a monopoly is de-facto unethical. If there is a legitimate reason that there's a monopolistic control over something, it then _has to_ become a public service, in the general interest. And there is no actual existing monopoly today that could serve as a counter-example to that thesis.