Mapping the world's opinions

About us Style guide Log in  |  Sign up

Opinion map

The word monopolies has negative connotations in economic history, but recently monopolies have been praised by people such as Warren Buffett an Peter Thiel. The arguments for and against are not new, but some of the arguments for and against now have better empirical support.


Arguments supporting this position



Enter the background of the argument here ...

The Argument

Oligopolies may give the appearance of competition, but generally industries with few players in repetitive games default towards cooperation. Cooperation entails limiting supply and raising prices. Research by the OECD shows that cartels and price fixing is widespread in oligopolies. Most cases involve industries with four major players. Many oligopolies don't even need to fix prices illegally and can "signal" their intentions to competitors. This is widely understood and covered in economic literature.

Counter arguments

Enter the counter arguments here ...


Enter the formal premises of the argument here ...

Rejecting the premises

Enter the technical rejections of the premises here ...


Content references here ...


Your take

Do you agree?

Sign up or log in to record your thoughts on this argument

Next step

Explore the next argument

This page was last edited on Sunday, 4 Nov 2018 at 17:08 UTC