The so-called “competition policy” lies in some theoretical assumptions which are completely wrong. Yet after few fancy equations, the student believes he already understands how a “perfect” market should behave.
Therefore, when the real one doesn’t behave as it “should”, intervention is conveniently legitimated. This classic paper explains the root of this incredibly widespread mistake.
Todo parece indicar que el nieto de Eladia, aquel que en su día se iba en barquito con un (¿posterior?) narcotraficante, volverá a Montepío. Cuatro añitos más para “o señor Feijoo”, quien en las urnas acaba de volver a encontrar la gloria bendita.