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From: fagin@ucbvax.ARPA (Barry Steven Fagin)
Newsgroups: net.politics
Subject: Free markets and monopolies: summing up
Message-ID: <9565@ucbvax.ARPA>
Date: Thu, 1-Aug-85 18:46:37 EDT
Article-I.D.: ucbvax.9565
Posted: Thu Aug  1 18:46:37 1985
Date-Received: Sat, 3-Aug-85 02:46:11 EDT
References: <974@umcp-cs.UUCP> <7800361@inmet.UUCP> <1038@umcp-cs.UUCP>
Reply-To: fagin@ucbvax.UUCP (Barry Steven Fagin)
Organization: University of California at Berkeley
Lines: 14

So what was the point of all this, anyway?

>>>The historical [record] rather plainly shows that markets tend to drift away 
>>from perfect
>>>competition towards monopolies and oligopolies as a result of natural
>>>forces, unless there are restraining forces to oppose this.  

I disagree, and cite the examples of U.S. Steel, Standard Oil, the
American railroad system, and Ma Bell.

--Barry

-- 
Barry Fagin @ University of California, Berkeley