Monopoly and Competition

London has recently caved to EU and US pressure to tighten its grip on financial markets. Brexit offers a way out.

With another steel producer set to leave the UK, some are proposing that the UK government run the steel industry itself.

We can have a competitive marketplace if government will just get out of the way and stop erecting barriers to creating new businesses and new competitors for established companies.

Review of Competition versus Monopoly: Combines Policy in Perspective by Donald Armstrong

Why is the aviation world all atwitter? Peter Klein explains what free market competition is and is not.

Cesar Chavez wanted immigration controls to hep him prop up union-labor wages.

Politics operates according to principles that would horrify us if we observed them in our private lives, and would get us arrested if we lived by them. The state can steal and call it taxation, kill and call it war, writes Lew Rockwell. 

Politics operates according to principles that would horrify us if we observed them in our private lives, and would get us arrested if we lived by them. The state can steal and call it taxation, kill and call it war.

Ludwig von Mises reminds us that thanks to the rise of markets and capitalism, human beings gained more access to more abundance than ever before. And it is the consumers, not the producers, who have power over the market process.

Thomas Piketty is wrong. Markets do not concentrate wealth. They work to diffuse wealth and limit the power of any single enterprise. Meanwhile, many lose their fortunes as quickly as they gain them.