Microsoft’s new CEO Satya Nadella said the company is looking beyond the post-PC erathat we’re currently in now, which is defined not by consumers and businesses being tied to a single device. Instead, the company is betting on a cloud-first, mobile-first future. But as just the third CEO of the company in nearly four…
I haven’t known you very long but being republicans you might be versed in economics to defend your positions. I have been taught that monopolies are where the market trends to if it is left completely alone. And we have proof here in America of that. Oligopolies count too. Now this is actually observable.
However, free market economics has often been compared to the natural world, where when the predators (oligopolies/monopolies) get to be too big, their prey (consumers) eventually wanes and they start killing each other off because of hunger. Then the prey starts to overrun their environment and the predators rebound and they cycle goes on and on. So somehow this is supposed to help regulate monopolies from happening if it were a truly a completely unregulated system.
So in economic theory, or better yet, actual living examples, how are monopolies supposed to be thwarted in a completely laissez-faire system?