The Importance of Competition in Privatization

Feeling the squeeze in your career? Like all the good opportunities are taken by giants?

Let's talk about a core economic idea that explains why some state-owned companies become

oligarchs after privatization. Imagine a state-owned enterprise in a planned economy

is like a mega-corp that grew up in a swimming pool with no competitors. It didn't need to

profit, but it also didn't exploit you. Now, you privatize it

and throw it into the ocean of the free market. Here's the problem! It's born as a giant,

with massive capital, resources, and scale. Any small startup trying to compete?

Smashed instantly. The result? A free market with NO competition. The former "mega-corp"