20 Mar
2014
20 Mar
'14
12:05 p.m.
On Thursday, March 20, 2014 04:18:59 PM Patrick W. Gilmore wrote:
"The market" can only "work around" things if there is a functioning market. Monopolies are not a functioning market.
When did we ever have a "functioning market", even in markets that are considered "liberalized" :-)? It is what it is - it's just less bad in some places than others.
There will be a solution - in fact, there is today. Doesn't mean it is optimal. In fact, in the presence of a monopoly, it is pretty much guaranteed to be sub-optimal.
Aye. Mark.