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I always considered the libertarian theory that corporate monopolies are caused by the government as very suspect and entirely unproven. Natural monopolies are
by guelo 12y ago
I always considered the libertarian theory that corporate monopolies are caused by the government as very suspect and entirely unproven.
Natural monopolies are obvious when you think about it a little bit. When your entire ideology depends on them not existing them maybe it's time for a rethink.
- smsm42 12y agoWhen you think a little bit, sure. When you think more than a little bit, it's not really that obvious. Remember how Microsoft was a monopoly and EU spent so much time and money on struggling with MSIE to no noticeable effect? Remember what happens now when the most wished for feature of MSIE is "please die already"? So what happened - is that EU that brought that most natural of monopolies down or was there something else? Maybe thinking more than just little a bit is warranted here.
- guelo 12y agoNot only EU, the US DOJ also sued Microsoft over their monopoly. Microsoft could have blocked Firefox, they could have banned dual booting Windows on Macs. There's a lot of things they could have done to lock down their monopoly permanently, but they didn't do them because they were afraid of government regulators breaking them up. It was a huge win for government regulation promoting innovation.