Quote:
|
Quote by: objectivist In an actual free market, a free system, a free society (Laissez-faire) a monopoly is impossible. |
how utterly false.
Natural monopoly - Wikipedia, the free encyclopedia Quote:
|
Nobel economist Milton Friedman, said that in the case of natural monopoly that "there is only a choice among three evils: private unregulated monopoly, private monopoly regulated by the state, and government operation." He said "the least of these evils is private unregulated monopoly where this is tolerable."
|
the existence of monopoly is a result of certain mathematical/economic conditions, as opposed to ideology.
there are also examples of monopolies that have arisen outside of government intervention/regulation. they are obviously fewer in number since the nature of government is to usurp power unto itself.
like rob, i'd also ask "what free market?".. for all of us posting on this forum, there has never been a truly free market in our lifetimes.