I’m beginning to realize a common thread of “HN commenters completely misunderstanding economics” is that evaluation of policy only with N=1 Company Per Industry.

Competition is the foundation of all of the positives of market dynamics. Nothing good happens in a capitalist society without competition.

Assuming that any gains in productivity will exist _solely_ to fatten the pockets of corporate executives makes sense if you think that all goods of an industry are made by one company.

However, this isn’t what happens. Pricing in a competitive environment is largely driven by what producers can profitably outcompete and deliver. Not the maximum they can charge the consumer…