I’m a fan of competition’s benefits as much as the next guy, but it seems to me that extreme imbalance of power actually isn’t that good for competition. Monopoly can lead to stagnation too. The optimal rate of competition and improvement probably happens under moderate imbalance.
I’m a fan of competition’s benefits as much as the next guy, but it seems to me that extreme imbalance of power actually isn’t that good for competition. Monopoly can lead to stagnation too. The optimal rate of competition and improvement probably happens under moderate imbalance.