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A comment on GlobalFoundries wins $3.1B in CHIPS Act subsidies for NY, Vermont. Parent comment

Re:GlobalFoundries wins $3.1B in CHIPS Act subsidies for NY,... by maerF0x0 on Monday February 19, 2024 @02:11PM (#39433475)
> Free markets create monopolies.

I have never thought this to be the case, could you provide some backing to your claim?

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Re:GlobalFoundries wins $3.1B in CHIPS Act subsidies for NY,... by jgeada on Monday February 19, 2024 @03:21PM (#39434328)
It is described in many places, including in detail here: https://archive.org/details/cu31924096224799

Some other info here https://www.economicshelp.org/blog/21726/concepts/why-does-c...

In actuality though, this is almost religious. It doesn't matter than monopolies have always appeared in markets and been dealt with by regulation; believers in free markets will always argue that the actual cases weren't really monopolies or that they'd not have lasted. /Shrug

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