2026-09-07 05:32 UTC
But for the "Chicago Boys," monopolies were evidence of *efficiency*. When you encounter a company in the wild that has acquired a commanding market share, your first assumption should be that it has taken over its sector by being better than anyone else - you should not assume that the company cheated its way to glory.
3/
Replies (1)
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@pluralistic@mamot.fr 2026-09-07 05:32
After all, if a company with a large market share was cheating - say, if it was increasing its profit margins by reducing quality or jacking up prices - then smaller companies would rush into the market to poach its dissatisfied customers. 4/