Thursday, January 26, 2012

On Monopolies

Jesús Ortega here. I'm a fan of his, and of any attempt to knock down monopolies, but I think his take is a little too tied to the ideological breakdown in Mexico regarding monopolies, ie (in simplified form) Pemex/CFE not so bad for the left, Televisa/TV Azteca not so bad for the right.

Also, he says Pemex is not, strictly speaking, a monopoly, because other companies are involved in extraction and other secondary industry activities. That's, in the kindest take, needless hair-splitting; moreover, there are no retail gas merchants in the nation outside of Pemex.

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