▲ | nostrademons 5 days ago | |||||||
I'm not saying this is a failure of the system, only that it is the system. My overall point is that systems take the form they do based on available technology, efficiencies of production, lines of communication, and incentives, and that the individual firms involved are disposable actors that are forced by the factors above into economically-rational actions. If the natural form of an industry is monopoly (as most "blue team" industries are), that's what we'll get, and government action can at best delay it. | ||||||||
▲ | kibwen 4 days ago | parent [-] | |||||||
Sure, but this is making the common mistake of viewing government intervention as being somehow separate or outside of the market system, rather than being inside the system. Corporations in a competitive market consolidate to the point of monopoly, they use that monopoly to abuse customers, customers demand their governments intervene, some measure of competitiveness is restored, goto start. This is the system. | ||||||||
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