In theoretical #market#economies, the high logistical efficiency of monopolies does not become a problem, because a new startup can always come with a new innovative technique, compete with prices and refuse to sell to the sluggish juggernaut.
But real-world market economies have regulatory capture & all other kinds of abuse of power.
And in real-world political systems monopolies bankroll policians to keep telling the story of theoretical markets, watching their power & money expand further.
Taken at Patel Brothers on Devon Avenue during one of our frequent trips to get good food and groceries. Since I started posting here, I notice certain things more often and this photo just struck me.
Went to the Albert Park farmers market this morning. Oddly I never buy much at these things, it's mostly an excuse to meet up with friends who do buy stuff while I walk around admiring the produce and meeting dogs. So many dogs!
The Albert Park market is in a park once occupied by a gasworks, nice spot. Also easy to get to via the number 1 tram. 🚃