"they're bad for consumers and the economy as a whole."
I read the book. He argues monopolies are good for consumers and economy as well. When companies have so much returns that they don't know what to do with it, the good ones will invest the money in R&D which in return is good for everyone.
Comments
"they're bad for consumers and the economy as a whole."
I read the book. He argues monopolies are good for consumers and economy as well. When companies have so much returns that they don't know what to do with it, the good ones will invest the money in R&D which in return is good for everyone.
I was careful to say "if you're a person who believes monopolies are bad" - it's ancillary to my point whether they actually are.