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Governments retain considerable coercive power, which is why someone like Bill Gates can be made to answer to them. And every corporation in the world is subject to the stock market, on the one side, and its consumers on the other. To satisfy one (the shareholders) it must satisfy the other (providing a good product at a reasonable price). Do not overestimate that potential for monopoly or oligopoly, incidentally. In most business, there is competition not just with similar items, but with classes of item: If movies are too expensive, people will watch tv exclusively; if apples are too much, one can get pears; if the airlines collude in price, more people will take trains or steamers..... |
