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Against Monopoly

defending the right to innovate

Competition

Monopoly corrupts. Absolute monopoly corrupts absolutely.





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Why Competition is Good and Monopoly Power is Bad

Not just low prices, but less rent seeking.

Comments

Note from this article proof of The Law of Unintended Consequences. Cocaine use is down, but the number of drug-related hospital visits and the number of drug-related arrests have both skyrocketed. One thing difficult to anticipate is what happens when you change a business equation.

It would not be proper to say monopoly, because the cocaine cartels never had a monopoly. What changed is when methamphetamine came on the scene. The same is true in the real world. There are very few true monopolies, and all quasi-monopolies and real monopolies, with very few exceptions, are susceptible to a new, competing technology, with their own unintended consequences.


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