Re:Goldman Sachs May Be Forced to Fundamentally Question How...
by nitrogen on Thursday February 04, 2016 @12:41PM
(#11035626)
How can capitalism result in anything other than crony monopolies?
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Re:Goldman Sachs May Be Forced to Fundamentally Question How...
by jazzyk on Thursday February 04, 2016 @12:46PM
(#11035665)
The government _not_ hand-picking winners and losers (bailouts, lobbyists, etc.) would be a good start.
Re:Goldman Sachs May Be Forced to Fundamentally Question How...
by Hermel on Thursday February 04, 2016 @01:09PM
(#11035886)
In the end, it boils down to whether firms in a given industry have increasing or decreasing returns to scale. For example, there are no hairdresser empires as this tends to be a profession that can already be operated efficiently at a small scale. Other sectors, especially those with high fixed costs, tend to produce monopolies.