> Markets, left to their own accord, naturally tend to monopolies and cooperation
No, they don't. To become a monopoly, they need the collusion of government to outlaw competition.
The poster boy of monopolies, Standard Oil, never had a monopoly. During its rise, it dropped the consumer price of kerosene 70%. Its market share dropped steadily during the years of the anti-trust trial.
> It’s trivial for them to move in lock-step and everyone wins… except the consumer.
No, they don't. To become a monopoly, they need the collusion of government to outlaw competition.
The poster boy of monopolies, Standard Oil, never had a monopoly. During its rise, it dropped the consumer price of kerosene 70%. Its market share dropped steadily during the years of the anti-trust trial.
> It’s trivial for them to move in lock-step and everyone wins… except the consumer.
Ever wonder what happened to IBM?