BBC Business Daily discusses 21st Century Monopolies with the Jonathan Tepper, author of The Myth of Capitalism: Monopolies and the Death of Competition, and some others. Tepper talks about the need to deal with regulatory capture and the perks of revolving doors. Sounds familiar.
Alex Moazed, one of the other guests, says that the Internet monopolies are different, non-traditional monopolies, because the consumer wins–because pricing power is not exerted over the consumer, but the producer.
Which makes me wonder, when did we start thinking of the consumer and the producer as two separate and distinct people, and not aspects of a person? Or, how can I buy if I don’t sell?