Guardians and Private Profit | Consensual Democracy - 0 views
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Théo Bondolfi on 30 Aug 12"Unfortunately, mature markets tend eventually toward oligopoly or monopoly. In these real-world markets, "normal" profit is too low because it forces firms to concentrate on minimizing costs, which is hard to do when workers demand higher wages, managers want bigger salaries and bonuses, suppliers increase their prices, taxes and regulatory expenses rise, and investors and lenders seek higher returns. It's much easier-and more rewarding to all concerned-for private guardians to create market conditions that support higher-than-normal profits."