I think you’ll find it was the same Thatcher you mentioned earlier that closed down the UK’s coal mines.
Flooding is what happens when the pumps are switched off.
Pumps being switched off is what happens when mines close.
Ultimately monopolies are not good for anybody.
For the customer it reduces / cancels competition and the seller can up prices without fear of competitor activity. In a nutshell higher and higher prices without challenge.
Need to look at the long-term big picture.
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