by Ethical Trader Mon May 09, 2016 1:51 pm
Thanks YK for starting the thread. Chuti has done a good search on advantages & disadvantages of monopolies. Thanks for that.
Yes, monopolies can be used for re-investment of profits, research & development, differentiate on prices helping the needy, reduce cost of production etc. These are all theatrical arguments for monopolies. Not available in practice.
It all depends in whose hands the monopoly is vested. If its in the hands of the Govt., yes monopoly could be good for the people in politically matured countries but not in Sri Lanka and if its in the hands of few individuals they would eventually become crony capitalists. Hence, I personally hate monopolies in what ever form.
See what MR did to our national carrier? See what he did to CTB, CEB, TRC etc. They still clamor for state monopolies when Ranil tries to rationalize their management through good management & private sector participation.
Why do they clamor for state monopolies?, because they want to continue to misuse public property if they come into power again. I have personal experience on how they misused CTB buses for their party work. All should be brought to book at least now.
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