3 years ago

282

True Monopolies can Only Come from the Government

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When you hear the word ‘monopoly,’ what kind of image is that conjure up in your mind? For many people, when they hear the word monopoly, they think of John D. Rockefeller, the Vanderbilts and Carnegie Steel. And they think of these titans of industry that were exploiting the populations, taking money from them by no choice of their own and the government decided to ride in on its white horse like a knight in shining armor and introduced antitrust laws and has been enforcing them ever since to stop the existence of monopolies.

Because free markets, of course, are the things that produce the monopolies, and the government is the savior to protect people from them. I am here to show you today that monopoly police do not exist in free markets, and any monopolies that do exist only because of the government, not the other way around.

Timecodes
0:00 Video Overview
1:06 Intro
1:13 What is a Monopoly
3:32 The Threat of Competition
9:11 Preventing Competition
13:06 Outro

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#Monopolies #Vanderbilt #Rockefeller

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