Monopoly is the root of all evil.

Reply to this note

Please Login to reply.

Discussion

all of evil. the Monopoly root is

The manipulation of money

Collect 200 when you pass go

louder for the boys in the back πŸ™Œ

Boardwalk!

Rothbard debunks this notion in his section on monopolies in man economy and state

Never played that game

I like being the Top Hat

Assuming you're not talking about the board game, then there's a distinction that's relevant in theory but much less so in practice: Governed-assured monopolies and a market-based monopolies, the former is enforced using legalized threats and violence against would-be competitors, leaving the monopolist free to do as he pleases in terms of price, quality, and access to his product, while the latter merely describes a state of affairs in which one competitor does so well that no potential customer, given complete freedom of choice, would buy anywhere else. Thus the market-based monopoly is either nonexistent, very localized, or very short-lived, while government monopolies are essentially the root of all evils ascribed to "Capitalism" even though they're clearly statist or collectivist actions.

With monopoly I mean the coersive exclusion of new entrepreneurs to provide a good or service.

Monopolies come from fiat I think, so not the root.

The state has the monopoly to print fiat money, if there were no printing monopoly, everyone would print and the price of fiat would go towards the cost of production.

"Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire." - Ludwig von Mises