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However, oligopolies and monopolies have the advantage that the infrastructure of economic planning already exists in the regular operations of the business firm. So when an overriding social imperative requires government planning, the government only has to co-opt the existing planning systems, not make up new ones out of whole cloth.

The downside is that firms that are capable of planning and regulating economic activity on a large scale in the normal conduct of their business might instead decide to co-opt the government...

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Feb 24th, 2011 at 06:21:25 PM EST
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