Monopsonies Are Evil

Exactly the opposite of MonopoliesAreEvil.

When several producers have only one consumer. Typical Monopsonies are companies that hire several thousand workers.

The government is often a Monopsony. In what sense? The only buyer of a product? Some products - for example - defence ones - are only bought by governments. Some only by one government (nuclear weapons, for instance).

They are certainly not very efficient, but why more evil than say, the InvisibleHand of market economy?

Whether or not they are "evil" is a matter of opinion. The point is that they are analogous to monopolies, evil or not.

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