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Game theory is often cited to criticize free market economics and demonstrate the need for government regulation. I know that game theory is in no way a valid argument for government, but I'm having trouble articulating the reasons why. Can anyone help? Or does anyone know of some quick reasons why...
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What if a corporation grows so large that it privately owns a monopoly on the natural resources of its industry so that there is no legal manner in which another or a new corporation can compete to equalize the market and fight the authority of the massive corporation for oppression and blackmailing...
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