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Monopoly Money - Ed's journal
sobrique
sobrique
Monopoly Money
OK, so the definition of Monopoly: http://en.wikipedia.org/wiki/Monopoly
"In economics, a monopoly (from Greek monos , alone or single + polein , to sell) exists when a specific individual or enterprise has sufficient control over a particular product or service to determine significantly the terms on which other individuals shall have access to it"

Does that mean, that these companies that are 'too big to be allowed to fail' and thus have received government handouts are de-facto monopolies?
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(Deleted comment)
cbr_paul From: cbr_paul Date: February 5th, 2009 01:35 pm (UTC) (Link)
I think it would certainly make them an oligopoly, since if one large company, RBS for instance, did collapse, consumers would still have a number of alternatives. But then, it's been like that for several decades anyway.
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