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Comments by "" (@PappaTom-ub3ht) on "Great Moments in Unintended Consequences: Fossils, Price Controls, Traffic Lights (Vol. 17)" video.
@ghyslainabel -rather make price gouging illegal instead of fixing the exact prices. -monopolies have never happened before in history without it being enforced by the government.
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@convopit What about it... For starter it would never have existed were it not for government regulations which hindered natural growth of competing oil companies. Instead of growing large and compete they were incentivezed to join together into a massiv trust. and secondly, they never reached a monopoly. even in their top product they just hit 90% for a few years. Several years before the antitrust laws broke it up they only controlled 60-70% of the market share of thier narrow product. so if that is the best example it more helps me prove my point.
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