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Comment by abtinf

The entire history of economics backs this up. The only instances of long-lasting monopolies are the result of government coercion. The instability of large, profitable businesses has both a solid theoretical foundation and an unending abundance of empirical data.

If you ever think you have found a single instance of monopoly lasting any significant length of time, look deeper - with absolute certainty there is a government gun backing it up.

parent abtinf 10 years ago

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