“But markets do not tend toward monopolies, except through the use of coercive violence. Quite simply, individual producers who charge exorbitant prices cannot stop competitors from undercutting them—unless they resort to force. In decades of examining this question, I have never come across a single example of a monopoly provider whose monopoly status was secured on the market peacefully rather than through coercive intervention. It is always government rules and regulations that create monopolies, as they are the only barrier that can stop peaceful private enterprise. The irony here is that government mandates turn specific industries into monopolies, which then normalizes the idea that this industry inevitably can only function as a monopoly, making it a “natural monopoly.””

Principles Of Economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak