this post was submitted on 10 Jul 2024
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chapotraphouse
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Economies of scale are a thing, so breaking up monopolies can easily result in low efficiency. Much better is to nationalize them.
Yeah, it's a major consideration when determining if a merger should happen, e.g. Krogers. Just because its more efficient doesn't mean you get consumer benefit because you should expect them to profit maximize with monopoly rents. I mean definitely +1 on nationalize them rather than let capitalism go unfettered, but I'm making a general observation that large companies can only be large because they can extract monopoly rents, rather than just a barrier to entry to match efficiencies of scale thing.