The really sick thing is when these monopolies are oligopolies capture the regulators. Like in the pharmaceutical industry where you see former CEOs or other executives going back-and-forth between positions in pharmaceutical companies and positions in the FDA or CDC.
I wonder how far back this goes. I mean the railroads we’re a monopoly...so was gas..telephone ....then they “break” up but it seems like it’s the same guys that just moved on to monopolize some new tech again but this time they don’t do it themselves but via “capital investments”. Always making the big bucks and when the market saturated they let the little guys” compete”. But are they little guys or just “controlled competitors”?
Antitrust...somewhere along the way this term left our justice system. Or was it ever there.
The really sick thing is when these monopolies are oligopolies capture the regulators. Like in the pharmaceutical industry where you see former CEOs or other executives going back-and-forth between positions in pharmaceutical companies and positions in the FDA or CDC.
I wonder how far back this goes. I mean the railroads we’re a monopoly...so was gas..telephone ....then they “break” up but it seems like it’s the same guys that just moved on to monopolize some new tech again but this time they don’t do it themselves but via “capital investments”. Always making the big bucks and when the market saturated they let the little guys” compete”. But are they little guys or just “controlled competitors”?