So hear me out. If there’s a company that’s willing to invest in controlling everything, and is willing and able to handle it at a reasonable cost for the consumer, then it should be allowed. It’s not like it’s any different today anyway. You have these super corporations that own the smaller corporations that handle various industries. Take Johnson & Johnson for example. They 275 subsidiaries. Meaning that J&J get money for every new product that occurs in the subsidiaries. You don’t even know some of the things they’re involved with.
And stunning number for a company is Nestlé which has around 2000 subsidiaries. So what’s the point of anti monopoly laws anymore? They found a way, so why should they be allowed to hide who they own? The everyday Joe and Jane have already figured out that things aren’t the way they appear, so I think we’re on the cusp of a full truth era where subsidiaries are going to start being involved in monopolization. These companies skirted the truth for too long, and we as individual citizens should put focus on and shut down subsidiaries
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in some sense, the government is a monopoly for some things. monopolies should only be allowed in some cases imo
Absolutely not please read up on what economists have to say about monopolies, they are very harmful.
More harmful than the pay for rights platform that most media companies have now?
I don’t know what you’re referring to here.
Hah!
Once the monopoly is in place, what’s protecting said “reasonable cost for the consumer”, exactly?
There’s just so much blind hope in trusting a monopoly to play nice. They exist specifically not to play nice. Nestle is an evil company with ties to child labor, and has been sued for price fixing. So they’re hardly an example of a ‘good’ monopoly.
Even if monopolies magically didn’t price gouge us, they’re a terrible idea from a strategic standpoint. You’re putting all your eggs in one basket. What happens when that company completely screws up? That entire industry is broken. Look at Boeing.
There are so many real world examples of why monopolies are an extremely bad idea that you’re either trolling or extremely misinformed.
Natural monopolies (water, gas, electricity, rail) either state owned or tightly state controlled - yes.
Otherwise - fuck, no.
And when they do (Microsoft anyone) they should be very tightly controlled to the extent of having the same responsibilities and transparency requirements as public authorities.
I’m not talking about natural resources
Natural monopolies have nothing to do with natural resources. They exist when the barrier to entering a specific market is fundamentally high enough that it’s unreasonable to expect anyone to be able to enter the market and compete against an established player.
A couple of good examples would be utilities and ISPs.
I’m going to assume that no education in microeconomics have gone into this post. I’ve worked for monopoly and non-monopoly companies and, even without thinking about the very basic supply/demand graphs, I can tell you, pricing of the product is very different.
Here is s hint, price-point is very different for each. One will screw you over way more than the other one. Im not trying to sound snarky but please, honestly, educate yourself on the subject. Once a company reaches a monopoly status, price for consumer is very different beast than before.
The spokesperson for Buy N’ Large. But your argument is more for transparency it seems. So hell yeah. Show your faces, you can’t hide behind a thousand names.
Monopolies are allowed. It’s only the ones that abuse their powers and hold on to their dominance through anti-competitive practices that are not.
Edited:
Completely misunderstood the post
Nah. They can’t have obvious and consistent ownership of products or services. So they purchase companies that do the service that they want. It’s still potentially a monopoly. Just has extra steps. If monopolies are legalized, we at least have a better view of where products or services are coming from
