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RE: Market Structure #5 - Monopoly
Wow, that's a lot of detail.
Privately run police force, how would that work?
Personally monopolies bug me as we lose choice. The government monopolies are worse as they are practically unstoppable regardless of how inefficient or corrupt they might be.
Isn't it awesome that both you and the @honeybee write about monopolies on the same day.
I give you both my very small upvote and wish you all the best.
Hey @mightyblueberry, I personally would not trust a privately run police force in a conventional sense but there are informal neighbourhood watch schemes that work quite well.
Government monopolies are often bad because of lack of accountability. They can do what they like mostly uncontested as real democracy does not exist to question or curb their actions.
It was not planned that @honeybee and I would have posts about monopoly within 24 hours of each other but our line of thinking is very often in sync.
Thank you for your support @mightyblueberry.