Usdk wrote:
I don't know how, but if it can happen competition will sort itself out. it always does.
Status quo says no.
Like Communism, sounds good on paper, but people talk about those vague textbook theories as if they're reality, when reality is more murky.
Competition usually ends with either:
1) one winner-take-all buys or defeats competition, achieves monopoly, then maintains indefinite control through sheer force of size and influence
2) a few oligarchs emerge and collude to split the market amongst themselves, believing they'd have more to lose than gain by directly challenging the others, who will gang up on any upstart.
