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This is what we have now. Big business and government hand in hand.

69 sats \ 2 replies \ @kepford 18h

The joke of this whole idea that the state keeps monopoly in check is that the state is the biggest of all monopolies and it even protects many monopolies that are private.

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There was a good EconTalk where Mike Munger talked about how it makes sense that businesses, at some point in their growth, enter a situation where the diminishing marginal returns from honest production become less than the increasing marginal returns of lobbying for state favors.

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69 sats \ 0 replies \ @kepford 37m

Yeah, it just makes sense when you think about it. Eventually when a corporation get big enough either someone else lobbies to fight them or they do it proactively. Seems to me the game theory makes sense from the perspective of a business.

Which is one of many reasons I think the root problem is too much centralization of power in the state not "capitalism" per se. If one assumes amoral actors they will follow their own incentives wherever they are.

I think far to many people assume the worst of corporations but not state actors and politicians. It really doesnt make sense.

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