Do you mean healthy profit margins?...because I'd rather prefer a combination of big profits, state subsidies and healthy competition than a monopolised/oligopolised market
Unfortunately, I did mean monopoly profits. In a non-monopoly situation, competition exists which forces market participants to constantly reduce costs and compete on quality or price. Eventually, a single or few participants will be left standing as the others fail and the the remaining ones engage in a process of buying their supplies and workers at discount prices. This is not an environment that supports long term thinking.
There might be an exception here and there, but there will be some structural reason why long term planning is possible (such as competition not being able to step on each others toes). It's not true in the general case.
There might be an exception here and there, but there will be some structural reason why long term planning is possible (such as competition not being able to step on each others toes). It's not true in the general case.