> The only way to have market competition is to soundly enforce it.
Which is why NYC taxis are so cheap. All the market competition cultivated by their sale of taxi medallions for $1mil+.
> One of the single most important roles of government is to eliminate heavily unbalanced concentrations of power
I've seen no historical evidence that any government, ever, has even attempted this "role". It would be a little weird if they could manage to do it considering that they are heavily unbalanced concentrations of power themselves.
> I've seen no historical evidence that any government, ever, has even attempted this "role".
It is normal where I am from. We have an entity that govern the competition and its role is to enforce competition whenever a company gains to much market share.
That way us, the consumers can avoid monopolies where we would otherwise not have the voting-power within our wallets.
But I thought we were discussing reality, and not whatever weird fiction you've imagined about those things. That was lip service to the idea, little more. Do you prefer Standard Oil, or Ma Bell where they broke up the national monopoly into a bunch of regional ones with no competition?
Which is why NYC taxis are so cheap. All the market competition cultivated by their sale of taxi medallions for $1mil+.
> One of the single most important roles of government is to eliminate heavily unbalanced concentrations of power
I've seen no historical evidence that any government, ever, has even attempted this "role". It would be a little weird if they could manage to do it considering that they are heavily unbalanced concentrations of power themselves.