Quote:
Originally Posted by plowking2010
there is no reason to fear private sector monopolies.
monopolies are only bad when they are imposed by the government.
for example, if the government only gave one company a licence to run an online poker room... that would be bad because it could rip off the consumer.
but in the case of poker stars... where they gained their monopoly status by offering a better product/service than their competitors and built a good reputation... it's actually good that they have a near monopoly because that means that the bad companies have been weeded out and the consumer will not be ripped off by these other sites that are not run with the same integrity as pokerstars.
Yes I know I've read much about how happy local oil companies were when Rockefeller bought up all of the railroads and other infrastructure surrounding the oil industry so that nobody but him would have any realistic way to participate in the business.
(not really)
I'm not commenting on the Pokerstars thing, because I can't imagine monopoly concerns overriding FTP player payback concerns at this point.