How did that competition between private companies work out for US hath system? Are Americans getting better bang for the buck? Are they getting faster internet at home due to competition between ISPs? Are Americans getting more paid vacation days due to the private market competition between employers? Why didn't competition between auto makers result in more efficient and less polluting engines until the EPA and EU forced them in the 80's? Did competition between food manufactures got them to eliminate lead and arsenic from food or was it government regulation that did it?
Competition existing doesn't automagically prevent or fix monopolies, duopolies, price fixing and other anti-competitive behavior from private entities who have the power to shape the market in their favor. Do you know why all those things are illegal even in the US? Because they work. If it wouldn't work it wouldn't have been made illegal. Private entities can much more easily collide to screw over consumers than consumers can collectively unite to do anything about it themselves. That's why governments and regulations exist.
How did that competition between private companies work out for US hath system? Are Americans getting better bang for the buck? Are they getting faster internet at home due to competition between ISPs? Are Americans getting more paid vacation days due to the private market competition between employers? Why didn't competition between auto makers result in more efficient and less polluting engines until the EPA and EU forced them in the 80's? Did competition between food manufactures got them to eliminate lead and arsenic from food or was it government regulation that did it?
Competition existing doesn't automagically prevent or fix monopolies, duopolies, price fixing and other anti-competitive behavior from private entities who have the power to shape the market in their favor. Do you know why all those things are illegal even in the US? Because they work. If it wouldn't work it wouldn't have been made illegal. Private entities can much more easily collide to screw over consumers than consumers can collectively unite to do anything about it themselves. That's why governments and regulations exist.