Monopoly and Competition

Whether or not anti-trust legislation remains helpful to consumers, or makes any economic sense, remains entirely debatable.

Companies with government-granted monopolies never have to worry about going out of business. And they can therefore behave badly without any consequences.

No such thing as a "natural" monopoly has ever existed. In real life, so-called "public utilities" faced frequent competition, so they secured government monopolies to destroy the competition and invented the myths to rationalize their monopoly power.

Since public schools are funded through tax dollars, the schools don't really care if their safety measures are done in a way that treats students with the sort of respect paying customers would likely receive.

Most major sectors in the US economy have been distorted by government policies pushing monopolies and limiting competition.

If allowed to function freely, capitalism is hard-wired to distribute resources to as many people as possible at affordable prices. You don't have to be rich to participate in the bounty.

Brand recognition, competition, and de-regulation are the keys to a more affordable and more competitive drug market.

Public schools have always been central to government's ability to propagandize in favor of a single, homogenized, national system of government.

Private cities may seem outrageously radical or utopian, but  we are already using this approach very successfully in other areas of our lives. The transfer to our social order is only the last step in a development already under way.

Recorded at Mises University 2018.