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<p>[QUOTE="medoraman, post: 1313971, member: 26302"]Except even this is overemphasized by government to support their intervention. Long term such power is never sustainable in a free market absent breaking other laws, (threat of violence, etc). </p><p><br /></p><p>Let's talk it through. Standard Oil was held up as the poster child for Monopolies and the government broke them up. Do we really believe SO would today still be a monopoly in gasoline in the US today? You don't think the profits from this industry would not have attracted competitors? You don't feel at the least international companies would not have jumped in? Sure, SO could have held a monopoly for a while, but increasingly they would have to resort to threats and intimidation tactics, (all illegal civilly), to maintain it. If it became too severe, a SO monopoly may have forced automakers to convert to electric cars earlier, or encouraged more mass transportation. </p><p><br /></p><p>A more recent issue was people trying to say Microsoft should be broken up because they had a monopoly on operating systems. Well, we didn't, and the market has moved to different platforms, MS is still intact and we still are fine. </p><p><br /></p><p>I am saying this just to make sure you don't drink the, "only the government can save us" koolaid. This is assuming there are no other motives to break up a company, something you KNOW is never the case. There are always firms "persuading" government officials to do their dirty work for them, so to speak.</p><p><br /></p><p>You are very right the biggest drag on our entire economy is too much government regulation. We need a 1980's deregulaton sweep again, to start over getting rid of old obsolete regulations, and putting into place ones that are needed, and only those needed.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1313971, member: 26302"]Except even this is overemphasized by government to support their intervention. Long term such power is never sustainable in a free market absent breaking other laws, (threat of violence, etc). Let's talk it through. Standard Oil was held up as the poster child for Monopolies and the government broke them up. Do we really believe SO would today still be a monopoly in gasoline in the US today? You don't think the profits from this industry would not have attracted competitors? You don't feel at the least international companies would not have jumped in? Sure, SO could have held a monopoly for a while, but increasingly they would have to resort to threats and intimidation tactics, (all illegal civilly), to maintain it. If it became too severe, a SO monopoly may have forced automakers to convert to electric cars earlier, or encouraged more mass transportation. A more recent issue was people trying to say Microsoft should be broken up because they had a monopoly on operating systems. Well, we didn't, and the market has moved to different platforms, MS is still intact and we still are fine. I am saying this just to make sure you don't drink the, "only the government can save us" koolaid. This is assuming there are no other motives to break up a company, something you KNOW is never the case. There are always firms "persuading" government officials to do their dirty work for them, so to speak. You are very right the biggest drag on our entire economy is too much government regulation. We need a 1980's deregulaton sweep again, to start over getting rid of old obsolete regulations, and putting into place ones that are needed, and only those needed.[/QUOTE]
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