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RE: A rebuttal to a socialist on the topic of monopolies.

in #economics8 years ago

Monopolies control prices which is a different thing, once there is no competition they can ask for whatever price they want, I personally see no benefits to a monopoly, except for the owners. Again I disagree with your perception about government being the reason for monopolies, governments are owned by big business and they do what they are dictated, money talks.

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I agree, big business and governments are like tag team partners with only their own interest in mind.
Both favour the other.
Those businesses provide kickbacks for government who provide protection and laws that assist the big business and restrict competition.
I don't think we have ever experienced a truly free market.