chicago51
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Oligopolies are actually ENCOURAGED by regulation, because business becomes all about cronyism and searching for loopholes. Creating a product or service that people need, want, or desire is secondary.
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There is a lot of truth to this.
I am no fan of crony capitalism, corporatism, fascism, or whatever else you wanna call it.
However far to often the oligopolies predate the oligopoly favoring regulations from hostage taking.
Corporations offer to bring in some many jobs in exchange for some tax break.
It happens a lot at the state level. You got Rick Perry giving away also sorts of special interest tax breaks down in Texas. I know Boeing recently moved from Seattle to Chicago promising to bring X amount of jobs to the area in return because they got promise special tax privileges and regulations.
You can say we should stand up to them and I agree but in this day and age where people are expecting results immediately it isn't easy to turn down those jobs and see them go to another state or another country.