Monopoly and Competition

Russia, U.S.

This week’s eWeek features an article Micros

It’s another hot summer day and nothing cools the heat like a large cone of ice cream.

I’ve recently bemoaned the damage done to RIM, the manufacturer of the Blackberry, by

Apparently the discovery of penicillin is often trotted out as a classic case showing the importance of having the innovation-incentives of a paten

Naturally occurring monopolies do not last long. Competition emerges to upset them. The sovereignty of the individual defines the free market. The only monopolies that do persist are those maintained by government interventions.

Government involvement accounts for the internet's continuing problems, while the market should get the credit for its glories.

The following edited comments are excerpted from a recent email discussion with Walter Block and one of his correspondents, a Philosophy Professor

I don’t mean to pick on the US Postal Service, but I must admit to a strong (but not yet clinical) obsession with monopolies — especially tho

I suspected as much!