IMAGINE a business organised as follows. The number of firms is fixed. New entrants are banned. The head of the business can threaten to close down a couple of enterprises to restrict supplies. This is possible because the activity is exempt from anti-trust law (the largest markets, such as New York and Los Angeles, have just two suppliers; most have local monopolies). Certain classes of employees are indentured servants. Rich firms pay a marginal tax of 34% of revenues to poor ones. And the government helps build the lavish corporate headquarters.
Just not cricket - Lexington