alt Hacker NewsI agree, but would like the same thought applied to the private sector. I read a lot of comments who are extremely critical of every bit of power a state assumes, but have no problem if a private company reaches a practical monopoly or gets access to every intimate detail of peoples' lives.
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aidenn0 • today at 2:23 AM
Even Hayek was a proponent of robust antitrust measures for this reason. And he's hardly a figure of the political left.
The theory is that inefficient companies die in the open marketplace, and bad leadership is inefficient.
This fails to account for the sheer scale and encumbancy advantages of massive corporations. It also fails to account that efficiency can be appallingly evil.