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View Diary: Comcast admits what everyone in a TWC/Comcast market already knows: there is no competition (125 comments)

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  •  The common libertarian response... (5+ / 0-)

    ...is always that 'monopoly is impossible without government intervention'. If you ask why, you always start hearing about 'diseconomies of scale' and that's where it leaves off, because they don't actually generally understand what they're arguing.

    When I ask about specifics — companies using their market power to corner supplies of necessary raw materials, companies dumping goods below cost until the upstarts go out of business, companies bribing board members or doing hostile takeovers, all the ways that companies have held onto monopolies in the past — their eyes just glaze over and they suddenly don't want to talk about it any more, because they're obviously right and I'm obviously wrong because diseconomies of scale.

    They live in an ideological world, one where they can never be proven wrong, because it is conceptually impossible for them to be wrong.

    •  Libertarians simply have to pretend the Gilded (0+ / 0-)

      Age never occurred.

      Otherwise, all their arguments fall apart.

      Is it "Gordon Gecko Democrat" week here at Dailykos?

      by JesseCW on Fri Apr 11, 2014 at 02:31:09 PM PDT

      [ Parent ]

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