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Politics : Formerly About Advanced Micro Devices

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To: Elroy who wrote (286071)4/29/2006 10:41:06 AM
From: RetiredNow  Read Replies (2) of 1574001
 
OK. Elroy, so in your world, we should let all the telecoms get together and charge $200 for internet access and we should let all the US oil companies get together and slow production to charge US consumer more and we should let all other would be monopolies squeeze the consumer until the cost of living is so high, we are all reduced to poverty.

We have antitrust laws in the US for a reason. Competition is the hallmark of a well-functioning economy. If we allow anti-competitive institutions like OPEC to be the rule rather than the exception, then free markets will come to a stand still and the global economy will suffer.

Your pro-monopoly stance is fairly ignorant. What's worse is that it seems that you weren't paying attention in all the economics classes you should have taken in undergrad as well as grad school, if you went to grad school. Do I need to explain econ 101 to you?

Microsoft has already been sued, let's move on to the next monopoly..OPEC.
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