On Thursday, March 20, 2014 04:18:59 PM Patrick W. Gilmore wrote: > "The market" can only "work around" things if there is a > functioning market. Monopolies are not a functioning > market.
When did we ever have a "functioning market", even in markets that are considered "liberalized" :-)? It is what it is - it's just less bad in some places than others. > There will be a solution - in fact, there is today. > Doesn't mean it is optimal. In fact, in the presence of > a monopoly, it is pretty much guaranteed to be > sub-optimal. Aye. Mark.
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