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tyrion85 t1_je44s5v wrote

Reply to comment by DarkAlman in ELI5: Everyone knows that Ticketmaster is the biggest scumbucket enterprise on the planet yet no band seems able to avoid their grasp. What's to stop a really major act (e.g. Taylor Swift) from performing in venues that are not controlled by Ticketmaster, or just setting up a parallel company? by havereddit

wait but I thought that free market can sort itself out, at least libertarians have been telling me this for years? how come that in a completely unregulated market, where actors are basically left to do as they please, we suddenly need - gasp! - a government to step in and break down the evil monopoly? eli5 this! /s

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DarkAlman t1_je5kj7m wrote

Libertarians don't factor in that companies conspire together against consumers, and actively buy out all their competition. Furthermore a lot businesses WANT to be bought out.

They also don't live in this thing we call reality

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-Work_Account- t1_je6ch0w wrote

Yeah they always like to say “just make a better product “ as if the existing competition doesn’t have the funds to squash any attempt for newcomers to enter the market

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