From: Reason (reason@exratio.com)
Date: Mon Mar 24 2003 - 20:56:21 MST
> -----Original Message-----
> From: owner-extropians@extropy.org
> [mailto:owner-extropians@extropy.org]On Behalf Of Emlyn O'regan
> I still don't understand how all the smaller insurers wouldn't get gobbled
> up into a big monopoly, which then has a monopoly on violence and
> can decide to become a defacto government. How do you protect against
this?
I think that you have to accept a power law distribution of size: that
always happens in a free market. The large companies are always at risk of
being overthrown by disruptive technologies and strategies, however. Smaller
companies can offer products and services that the large companies can't or
won't.
The point at which the largest companies become a governement is the point
at which they use force and violent coercion to eliminate competitors and
maintain a monopoly.
Reason
http://www.exratio.com/
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