We learned about oligopoly in Ch 10. A special case of oligopoly is a market with only two major producers – a duopoly. Increasingly our political system (and even that of some EU countries) is described as a duopoly. Scan the articles and
- Summarize how a political oligopoly is similar in structure, behavior and outcomes to a market oligopoly. Be sure to make clear (cited) references to the articles.
- Does the comparison seem justified to you? Do you think it is a problem, or not? Why?
- What could possibly be done to improve the situation?
The Results of Political Oligopoly (very brief w/ an interesting quote from John Adams)
http://whigblog.blogspot.com/2008/07/results-of-political-oligopoly.html
Ending the Presidential Debate Duopoly
http://www.govexec.com/oversight/on-politics/2015/05/ending-presidential-debate-duopoly/112249/
Political Oligopolies – Brit view
http://interactivedemocracy.blogspot.com/2012/05/political-oligopolies.html
Extra…with a disturbing photo….
Death of the Duopoly
http://online.wsj.com/article/SB10001424052702303848104576385922449922958.html
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