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9 months agoWhat’s wrong with a monopoly if people are satisfied with it’s service? In Canada, the government has a monopoly on healthcare and generally people don’t complain.
What’s wrong with a monopoly if people are satisfied with it’s service? In Canada, the government has a monopoly on healthcare and generally people don’t complain.
I suspect if we banned the ability to earn profits from farming, there wouldn’t be many people who would want to farm. Personally, I’d rather choose an unprofitable job that was less exhausting, like being a starving artist.
Your definition doesn’t seem to be correct. This article mentions government granted monopolies (i.e hydro) and states monopolies (i.e healthcare).
https://en.wikipedia.org/wiki/Government-granted_monopoly
Contrary to what I said earlier, residents of certain provinces have been complaining that the quality of their healthcare has been substandard, and are upset that there are no alternatives available as the law forbids private doctors from even setting up shop there.