Since government by nature becomes more oligarchic if not checked, it encourages the same in business. However, businesses that engage in oligarchies across an industry, otherwise described as "collusion," stifle innovation and competition, which leads to a closed, coercive market, which is what you're describing. In theory, that's what government is supposed to guard against, and maintain a "level playing field" through antitrust laws.
No comments:
Post a Comment