I wonder if there is a hidden dynamic that makes markets with decreasing competition increasingly hostile towards the end user?
Will every industry end up being the next printing/telco in the long run?
Will every industry end up being the next printing/telco in the long run?
The issue for corporations is that like consolidation, competition law enforcement also acts like a pendulum. Right now, we are at a point of low enforcement with high consolidation. As electors get tired of being fleeced, they will start to complain and you should see enforcement increase.
The hard part is designing regulation that curtails the oligopoly without preventing new enterprise.
It is easy to fall into a steady state of high corporate extraction + high regulatory barriers.