Quote:
Originally Posted by Worldwalker
The US long ago ceased frowning on "combinations in restraint of trade". I have actually seen it said, by governmental individuals, that monopolies are a good thing because they give the companies involved more money, which will then allow them to "innovate". This has led me to wonder who such people are getting paid by, since innovation has rarely if ever come from big, established companies whose markets are secure; it's always been the province of small, struggling companies that need a means to compete other than existing market dominance.
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The genesis of this of course was The Bell System which was a government sanctioned monopoly (with government controls on pricing) but that did create significant innovations and standards in the communications industry.
That doesn't mean it is true today....