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by creato
2650 days ago
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You have a point. I'm just pointing out the argument you responded to is not a fallacy, it's a real concern as well. I honestly don't know what I would do if I had decision making power on this issue. > we should just create and feed oligopolies to avoid, god help us, becoming "victims" of oligopolies from other countries... This basically is exactly the strategy of China, at least with respect to international trade, and it's working absolutely wonderfully for them. In part, precisely because most of their competition is fragmented and paralyzed by infighting. |
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if that is the case, then the US has no grounds on requesting the Chinese to open their markets for US firms! If the US is itself committed to empower their oligarchic companies, we should not be surprised if the Chinese create their own mega companies and close their market to the American ones.
Essentially what I'm trying to say is that if we go the path of supporting mega companies, then we should just throw away the illusion of free market and understand that other countries will do the same, because they're not stupid.