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by AnthonyMouse
17 days ago
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The nature of sarcasm is to put up a straw man so weak that it falls over on its own rather than needing you to knock it down. The problem, of course, is that it's a straw man. In this case, nobody really thinks that a market where you have an oligopoly with few alternatives that are all scamming you is any good. But the problem there is the lack of competition rather than its presence, and the markets that actually have vigorous competition do pretty well. |
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> In this case, nobody really thinks that a market where you have an oligopoly with few alternatives that are all scamming you is any good
Voters have supported politicians that have implicitly or explicitly supported conditions to enable oligopolies: reduced r or no competition/market authorities, weak M&A oversight, increased subsidies, regulatory capture, etc