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Monopolies are Bad
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
silverstockreport.com / By Jason Hommel / April 18, 2013
The government saw that monopolies were bad in 1890, over 123 years ago, when it passed the Sherman Act.
http://www.ftc.gov/bcp/edu/microsites/youarehere/pages/pdf/FTC-Competition_Antitrust-Laws.pdf
Monopolies happen in a competitive “free” market only when the monopolizer engages in many kinds of unfair business practices which are comparable to extortion, usually taking the form of some kind of threat such as, “carry our product, and not our competitors’ products, or else!” Microsoft and Standard Oil both engaged in these kinds of threats. The companies should probably have been prosecuted for making threats, not for being monopolies, but the end result of being a monopoly was bad, too.
If there is to be a free market, that means that free market competition must be allowed, because competition is good for the consumer, as it drives down prices, and encourages improvements, and innovation.
I believe that it is bad theory to assume that only monopoly grants will encourage innovation, because that is merely a belief system, a false belief system, a system that is actually competing with the free market competition belief system, which, again, is just one more reason why monopoly grants are not compatible with free market libertarian economics.
So, government granted monopolies are also bad. But the government has a harder time recognizing that it is doing bad things.
Thanks to BrotherJohnF
2013-04-18 20:17:36
Source: http://silveristhenew.com/2013/04/18/monopolies-are-bad/
Source:
yea. federal reserve.