True, but regulatory capture is much harder to do for a single player than for a cartel. I don’t want to imply that monopolies should not be worried about, but as long as a system encourages innovation, their threat is minimized. And even then, not all innovation is necessarily beneficial. The financial companies are great at innovating wonderful new products, while also stifling any competing models from threatening their market share (restrictions on credit union lending, numerous other bank regulations that prevent entrepreneurs from creating better models, etc.)
Protected monopolies have no need of innovation. And it doesn’t matter how they are protected. Or perhaps, it would be better to say the only innovation protected monopolies need is the kind that improves their protection.
Typical anti-Microsoft complaints with no substance. You should check out PowerShell.
It would seem that monopolies are a lot like dictatorships. Of course they can theoretically be good, but more often than not, power corrupts.