Monopolies and oligopolies as an economic model are bound to fail in my opinion, because regulators cannot effectively control them. It’s a fiction that they can. The monopolies have access to more “brain power” to out manoeuvre under resourced regulators. Throw in lack of scruples and a touch of political interference and hey presto the customer gets shafted.
Monopolies and oligopolies as an economic model are bound to fail in my opinion, because regulators cannot effectively control them. It’s a fiction that they can. The monopolies have access to more “brain power” to out manoeuvre under resourced regulators. Throw in lack of scruples and a touch of political interference and hey presto the customer gets shafted.