[dmix]

When has the US gov ever moved away from the pseudo market of mega firms anointed to succeed like Boeing in the last few decades?

After the financial crisis the regulations added only further excluded small firms from the banking market because they had ridiculous rules meant for mega banks applied to all banks. So why wouldn’t all the small banks just sell their firms to the big ones?

“Too small to exist” is the reality, not simply “too big to fail” (aka too well connected to fail). Now we only have 5 mega banks further entrenched. Aircraft manufacturer market is even more limited (the incident with Canada’s Bombardier vs US Boeing showed everything you need to know about that ‘private’ market).

I’m not sure what fantasy world people live in when they talk about deregulation of these markets as a common phenomenon, especially airlines, finance, health care, telephony etc (all of the worst industries for consumers in the US, which I should note has nothing to do with the value of public gov run markets which these are not). Absolutely none of those have less administrative oversight than a few decades ago. I guess they listen to politicians instead of any indicators from the market place or history.

If the ‘deregulations’ all further entrench the massive companies, while leaving all of the barriers to entry for the small firms. What outcome did you expect? More competition between the 3-4 mega companies that remain? Is that how we were supposed to benefit from competition?