And yet almost no industry is actually a monopoly, funny how that works. Even even if it is, most of the time its only in certain region. And even then, often the pricing power of those 'monopolies' is not very strong.
In fact, historically most monopolies were state sanctioned, and that is still mostly true.
Literally non of the things mentioned in the article are monopolies. Cloths, absolutely not even close to a monopoly. AI, nope. Flying, nope. Maybe airplanes is duopoly for certain kinds of planes and that is one of the closest things to a monopoly. And yet despite that, prices for actually flying between places are incredibly low, the expect opposite of what you expect to happen in a typical monopoly.
Food industry, no monopoly. Computer, no monopoly. Hotels, no monopoly. Property, no monopoly.
In fact the largest global industries (just google list):
Global Life & Health Insurance Carriers
Global Car & Automobile Sales
Global Commercial Real Estate
Global Pension Funds
Global Oil & Gas Exploration & Production
Global Car & Automobile Manufacturing
Global Direct General Insurance Carriers
Global Auto Parts & Accessories Manufacturing
Global Engineering Services
Global Wireless Telecommunications Carriers
Not a single monopoly in the list.
So please tell me what you are talking about. Maybe some Health insurance have some limited monopoly in some place.
Please post here, from your monthly budget, how much of that budget goes to what you would call monopolies?
I would argue that almost every industry has been increasingly monopolized. Look at the historic number of players in every major industry - it's indisputable that the trend has been towards consolidation, not increased competition.
What's more - the companies that dominate various industries are majorituly owned by the same financial entities, which in turn own each other.
Think of the biggest players in each industry, and search to determine who owns the most stock in those companies. You will find the same organizations over and over again - Blackrock, Citadel, States Street, etc.
That's likely because you are looking at the US and not globally. And it also depends of you are evaluating the total number or the total number that control say 50% of the market.
And when people think of large industries the look at the large players and ignore the much larger market behind that. And industries that are very distributed, generally are not perceived as large industries, despite them being very large, like hotels or food.
Also Blackrock for example is 170 billion, that's about half a % of US GDP and like 0.1% of global GDP. so if after 200 years Blackrock is the best example you can come up with, I'm not convinced.
And the companies Blackrock are owning a stake in, are still competing with each other, because companies like Blackrock can't control all those companies.
In fact, historically most monopolies were state sanctioned, and that is still mostly true.
Literally non of the things mentioned in the article are monopolies. Cloths, absolutely not even close to a monopoly. AI, nope. Flying, nope. Maybe airplanes is duopoly for certain kinds of planes and that is one of the closest things to a monopoly. And yet despite that, prices for actually flying between places are incredibly low, the expect opposite of what you expect to happen in a typical monopoly.
Food industry, no monopoly. Computer, no monopoly. Hotels, no monopoly. Property, no monopoly.
In fact the largest global industries (just google list):
Global Life & Health Insurance Carriers
Global Car & Automobile Sales
Global Commercial Real Estate
Global Pension Funds
Global Oil & Gas Exploration & Production
Global Car & Automobile Manufacturing
Global Direct General Insurance Carriers
Global Auto Parts & Accessories Manufacturing
Global Engineering Services
Global Wireless Telecommunications Carriers
Not a single monopoly in the list.
So please tell me what you are talking about. Maybe some Health insurance have some limited monopoly in some place.
Please post here, from your monthly budget, how much of that budget goes to what you would call monopolies?