The regulation of monopolies is a necessary part of the efficient working of modern capitalism.
Discuss.
One Comment
No civilized country should tolerate executive theft or the creation or exploitation of markets at the expense of the consumer. The whingey, whiny people who are always moaning about Government interference in business should go to live in Europe, where a robust EU system tries to ensure a level playing field and where, for instance, you can find a huge amount of choice in cellphones and providers, and where costs are much lower. Where I live telephone choice comes down to two or three companies and there is no choice. No choice than to pay over the odds.
No civilized country should tolerate executive theft or the creation or exploitation of markets at the expense of the consumer. The whingey, whiny people who are always moaning about Government interference in business should go to live in Europe, where a robust EU system tries to ensure a level playing field and where, for instance, you can find a huge amount of choice in cellphones and providers, and where costs are much lower. Where I live telephone choice comes down to two or three companies and there is no choice. No choice than to pay over the odds.
Epicureans like choice!