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0 pointsrobertlagrant3y ago0 comments

> The economy is becoming an authoritarian power.

Well, no. Monopolising a market with the economy, which is a tiny fraction of all decision-making power, is not authoritarian.

The main thing to ask is: are there high barriers to entry for new players? If not, then competition will arise when it needs to. If there are, then we have a problem. If there are, and they're government/state regulations, then we have a common problem :)

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timbit423y ago

Competition can arise but then it's bought out by the monopoly.

robertlagrantOP3y ago

If it chooses to be. This is a voluntary arrangement. If the monopoly becomes destructive (e.g. it raises prices) then there will arise a competitor that sees they can make more money than the buyer can afford to pay by charging less and gaining a large chunk of the market.

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