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It may be marginally off topic, but this is exactly why it makes me sad seeing people claiming that monopolies are why capitalism doesn't work. The only reason
by eliben 14y ago
It may be marginally off topic, but this is exactly why it makes me sad seeing people claiming that monopolies are why capitalism doesn't work. The only reason monopolies really succeed is because of government regulations like this one. Without government regulations, all monopolies would crash very quickly.
- simonh 14y agoWithout government regulation cartels wouldn't be illegal. Instead we have a regime where cartels and monopolies are illegal, unless specifically created by law. Which is what we have here.
- eliben 14y agoMy point is that without government regulation cartels wouldn't arise in the first place. Cartels are vulnerable to competition from outside. No industry has a high enough barrier of entry these days, since many huge corporations shoot all over the place for new business opportunities.