[lbo-talk] Re: Ok, I Need Some Education

mike larkin mike_larkin2001 at yahoo.com
Wed Mar 3 11:17:16 PST 2004


"There does appear to be a tendency towards monopoly/oligopoly.

Really? Where? In the Golden Age, there were three car companies in the U.S. market; now there are, what, ten? Steel was dominated by U.S. Steel - now we have minimills and imports. In computers, there was once IBM - now there are scores of computer makers. Oil was once priced by the Texas Railroad Commission, then OPEC - now it's priced by futures traders. Airfares were once regulated - now they're a mess (the big guys would like to be an oligopoly, but new entrants keep frustrating that). Doug"

Another example is the supermarket shelf, which is an absolute riot of choice; fifty six brands of Raisin Brain and three hundred variants of mustard.

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