> If a monopoly occurs because the majority of consumers are giving that product/service their money, then it must be deserving of it.
Why exactly? The argument works if you make it circular (they deserve it because they get it), but so what?
It's not like consumers always do whats best for them, especially in the long run. Even if if the consumer did what was best for him or herself, that might not be what's best for everyone.
Honestly, I don't get where this seemingly naive faith, that everything will just take care of it self, comes from. Personally I can't see any evidence of that.
Why exactly? The argument works if you make it circular (they deserve it because they get it), but so what?
It's not like consumers always do whats best for them, especially in the long run. Even if if the consumer did what was best for him or herself, that might not be what's best for everyone.
Honestly, I don't get where this seemingly naive faith, that everything will just take care of it self, comes from. Personally I can't see any evidence of that.