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Originally Posted by HeHasReturned
Hold on though...Once you've established a monopoly, you pretty much control the industry. There are no competitors because simply put, they can't compete with you. Predatory monopoly just sounds like the stage before monopoly, the complete control of the industry.
Yes, monopolies can benefit consumers, but what about the small business-people? There is no room for growth/competition in the market because there is too dominant of a monopoly. If there is no room for competition, isn't that inherently against capitalism? Not to mention no room for growth is not beneficial to society in the long run.
One company in power is never a good thing.
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You say once you're a monopoly, people can't compete with you. You have that absolutely backward. It is because people can't compete with you that you have a monopoly. Businesses only become monopolies in a free market when all people choose only to buy from you and not your competitors. A free market monopoly must be good for consumers because it can only come to exist if it is the absolute best at serving its customers. You say a monopoly means there is no competition, but in reality, a monopoly represents the fiercest competition possible. Ironically, the artificial break up of monopolies reduces competition because it effectively limits how much one company is allowed to set itself apart from others.
Quote:
Originally Posted by HeHasReturned
I see private monopolies as more geared towards their own interests, whereas the "self-interested government" still has a conscience.
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You speak as if no one in government is self-motivated. See prior quote.
Quote:
Originally Posted by fielderLS3
"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience." -- C. S. Lewis
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