Tuesday, January 1, 2013

Monopolies Can Only Occur with Government Coercion

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1 comment:

Anonymous said...

She hasn't taken into account the influence that the biggest corporations now have on our government in the USA and around the world. We currently live in a fascist society. Fascism, for those who don't know, is when businesses are able to have such influence over government that they are able to control policy to eliminate competition.

So, if you have a completely 'free' market, it is only a matter of time before certain corporations become powerful enough to have unrivaled influence on government, thereby ensuring the existence of monopolies and cartels. A cartel is just a bunch of companies that seem to compete with each other, but are really cooperating in the sense that they stop any others from competing with them.

In the end, there is no such thing as a stable 'free' market system.

Brendan R

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