Reply #2: Different view [View All]

I have a slightly different view on the concept of monopolies or oligopolies.

Imagine just one producer of windows software for the whole world... Oh, we already have that in real life so this is an easy example for everyone to relate to.

If the company and the people in that company are completely fair with how they produce their product then why have more than one company producing a product?

Competition many say... Why have competition to produce a product? Shouldn't we just be motivated to produce the best product by more fundamental reasons like: supporting our family, creating a better society, advancing technology in a responsible way etc...

So then the justification for preventing a monopoly becomes preventing people from abusing that monopoly in pursuit of their own personal wealth... so these people have a psychological problem. They don't care about creating a better society as much as they care about creating a bigger bank account for themselves. Couldn't we evaluate this psychological problem within people and get them help for it?

Competition and patents waste time and energy that could have been used to produce a better product for planet Earth.