Saturday, May 26, 2007

Multinational Corporations- Are Monopolies Always Bad?

I thought Stiglitz went a little to far in his attack on monopolies. Though monopolies can be highly detrimental, sometimes they are reasonable. He neglects to consider the presence of economies of scale in the global economy. An international system for prosecuting bad monopolies would be good, but for others, regulation would be sufficient.

No comments: