"Even if railways, road and air transport, or the supply of gas and electricity were all inevitably monopolies, the consumer is unquestionably in a much stronger position so long as they remain separate monopolies than when they are co-ordinated by a central control. Private monopoly is scarcely ever complete and even more rarely of long duration or able to disregard potential competition. But a state monopoly is always a state-protected monopoly-protected against both potential competition and effective criticism."
Q:So, which is better if they remain as private monopolies they are not protected from competition so each individual monopoly could fail due to its competition but if they are state monopolies then it is easier for everything to fail all at once?
A:Im not quite sure of the answer but I think it would be better to be private monopolies because then if one fails at least everything doesn't, it is easier to fix one then many. Although you cant live without all of them (at least in this example).
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