Mindblown: a blog about philosophy.

right, this is exactly what has to be worked out. The same thing comes up in theories of human rights regarding the “feasibility” of supplying them, or securing access to the goods that are the (formal) objects of these rights. The feasibil…

In reply to John Davenport. I take the concern about rising inequality to be one about rising socio-economic inequality between individuals. But the unfair competition leads to unequal profits across firms in a sector. What is the connection between th…

I think this kind of tax policy would be an effective, though simple and blunt, instrument for addressing monopoly and oligopoly as a problem of dangerous concentration of power. However, because a firm could dominate a sector through fair competition,…

PS thanks for the Cowen reference. I had not seen this one! LikeLike

Thanks I entirely agree that oligopoly can be driven by corporate “rent seeking” as well — sweetheart deals, laws favoring one firm, or big gob purchases. And where there is an economy of scale, there is a kind of market failure, just…

In reply to John Davenport. Thanks, John. What you say seems right and the cases you bring up are instructive. I’m not sure just what sense you give to standards of ideal justice being primary (not secondary or back-up). One might hold something …