Are Some Monopolies a Necessary Evil?

  1. Jacqueline4390 profile image87
    Jacqueline4390posted 3 years ago

    Are Some Monopolies a Necessary Evil?

    I remember when there was only one giant telephone service with many arms throughout the country: the Bell Company and the original American Telephone and Telegraph Company.  In 1982 the anti-trust laws split the monopoly and as they say “the rest is history. However, my local utility company is the only game in town and it seems to be enjoying its death grip on consumers. If competition is such a great thing then why doesn’t it apply to EVERYONE?

    https://usercontent1.hubstatic.com/12410954_f260.jpg

  2. someonewhoknows profile image75
    someonewhoknowsposted 3 years ago

    A Monopoly can only be good if,it,has honesty,integrity as well as the trust of those it serves. It's unlikely in a society where greed is seen as good by those who run things.
    Competition is good to the extent it serves the customer by cutting prices.
    However too much competition will likely cause goods and services to be cut in quality in order to sell them at a deep discount. Further more price cutting by companies that have an economic advantage tends to allow them to undercut their competitor's on price. Even going as far as lowering their own retail price's in order to put their competitor's out of business.Or forcing them to sell out to them as the only alternative.
    This is why the people need to control the wealthy. In order to protect themselves from greed and immoral behavior on behalf of the rich who would rule over the rest of humanity by using their vast wealth as a club over their heads.

    The Greeks had the right idea concerning putting people in government by casting lots as picking a name out over hundreds as an example at random. Then voting for the few from the many sounds good to me! At,least we the people - not special interests would be able to not only elect but select who runs.

    1. Jacqueline4390 profile image87
      Jacqueline4390posted 3 years agoin reply to this

      Bravo, a well thought out and orchestrated comment.

 
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